Brief: Zuger Kantonalbank Outlook 2024 Operating Result Likely Below Last Yr

Zuger Kantonalbank

16/07/2024 06:05

July 16 (Reuters) - ZUGER KANTONALBANK  ZUGER.S :
    * THE CONSOLIDATED HALF-YEAR PROFIT OF CHF 60.0 MILLION IS
SLIGHTLY BELOW PREVIOUS YEAR'S FIGURE
    * COMPARED TO THE END OF THE YEAR, THE LOAN VOLUME INCREASED
BY
4.8 PERCENT TO CHF 15.6 BILLION
    * CUSTOMER DEPOSITS INCREASED BY CHF 117.9 MILLION TO CHF
13.2
BILLION IN THE FIRST HALF OF THE YEAR
    * H1 NET INCOME FROM INTEREST BUSINESS OF CHF 100.8 MILLION
(+1.0
PERCENT)
    * EXPECTS A SOLID BUSINESS PERFORMANCE IN THE SECOND HALF OF
THE
CURRENT YEAR
    * ASSETS UNDER MANAGEMENT INCREASED BY CHF 1.1 BILLION TO
CHF 18.8
BILLION COMPARED TO DECEMBER 31, 2023
    * OUTLOOK 2024 OPERATING RESULT IS LIKELY TO BE SLIGHTLY
BELOW THE
RECORD LEVEL OF THE PREVIOUS YEAR
    * STARTING FROM THE VERY HIGH LEVEL OF THE PREVIOUS YEAR,
INCREASED OPERATING INCOME BY 1.7% TO CHF 154.2 MILLION

Further company coverage:  ZUGER.S 

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