Year end results 2017: Group profit up 6.8%, dividend increased
(WorldNews Switzerland)

Excellent credit portfolio, operating income increased At CHF 302.0 million (prior year: CHF 300.4 million), the gross result from interest operations can be maintained at the good prior-year level, despite the persistently difficult low-interest environment. In addition, the credit portfolio continues to be in excellent condition and the early warning indicators in the lending business remain positive. For this reason, CHF 8.9 million value adjustments for default risks and losses from interest operations and provisions are dissolved (prior year: CHF 11.2 million). Thereof, CHF 0.5 million is reported in the interest operations. Because this amount is CHF 9.7 million lower than in 2016, the...