Reuters logo
BRIEF-Banque Cantonale Vaudoise FY net profit at CHF 310 mln
February 16, 2017 / 5:29 AM / 9 months ago

BRIEF-Banque Cantonale Vaudoise FY net profit at CHF 310 mln

Feb 16 (Reuters) - Banque Cantonale Vaudoise:

* Will propose an ordinary dividend of 23 Swiss francs per share and a special distribution of 10 francs per share out of paid-in reserves

* Fy total revenues fell 6% year on year to 967 million Swiss francs ($963.53 million)despite slightly higher business volumes

* Fy net interest income dropped 3% to CHF 478 mln owing to new provisions for credit risk

* Fy commission and fee income decreased 7% to 308 mln Swiss francs

* Fy net profit came in at 310 mln Swiss francs, down 8% from 2015 but higher than in 2013 and 2014

* Fy 2017 results are expected to trend along same lines as in prior years Source text - bit.ly/2lTkJoE

Further company coverage: ($1 = 1.0036 Swiss francs) (Gdynia Newsroom)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below