Sunday, April 2, 2023

Valiant increases earnings and profit

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Bank Valiant earned more in the past financial year and also increased its income. (archive image)

Business success as a measure of the operating result rose by 11 percent to CHF 159.4 million in 2022 compared to the previous year. The bottom line was an increase in consolidated profit by 5.2 percent to 129.5 million. Shareholders are to receive a stable dividend of CHF 5 per share.

In the past year, the bank was also able to grow in all important business areas. Operating income increased by 4.1 percent to CHF 448.4 million. In particular, the strong interest business, the most important pillar of earnings, and the success in the trading business contributed to the successful annual result, Valiant announced on Wednesday.

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