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RSS FeedsYear end results 2016: Consolidated profit increased by 9.5 % (SGKB - St Galler Kantonalbank AG)
(WorldNews Switzerland)

 
 

16 february 2017 10:58:21

 
Year end results 2016: Consolidated profit increased by 9.5 % (SGKB - St Galler Kantonalbank AG)
(WorldNews Switzerland)
 


(Source: SGKB - St Galler Kantonalbank AG) St. Gallen, 16. February 2017 St.Galler Kantonalbank looks back on a successful financial year 2016. Both loans to clients and managed assets experienced positive inflows. Operating income remained at the previous year`s level. On the other hand, operating expenses were reduced by 5 %. At 146 million francs, the consolidated profit is 9.5 % higher than in the previous year. Strong new Business Last year, St.Galler Kantonalbank expanded its business volume both in loans to clients and managed assets: new business amounted to a strong 2.3 billion francs, which corresponds to a growth of 3.8 %. Net New Loans amounted to 640 million francs (+2.6 %),...


 
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