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Switzerland's ZKB sees H1 net profit rise 7 pct to 420 mln Sfr
August 25, 2017 / 5:10 AM / 3 months ago

Switzerland's ZKB sees H1 net profit rise 7 pct to 420 mln Sfr

ZURICH, Aug 25 (Reuters) - Local-government-owned Zuercher Kantonalbank (ZKB) on Friday posted first-half net profit of 420 million Swiss francs ($435.5 million), up 7 percent year on year.

“With our broadly diversified business model and our close proximity to our customers, we are confident that we can generate another pleasing result in the second half of the year despite the challenging and highly competitive environment,” ZKB Chief Executive Martin Scholl said in a statement.

$1 = 0.9644 Swiss francs Reporting by Joshua Franklin; Editing by Michael Shields

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