The 15 regional banks of Switzerland’s Clientis Group in 2016 increased their profit for a third year running. Compared with 2013, net income has risen by more than 70 percent.
The Clientis partner banks had net income of 63.4 million Swiss francs in 2016, up 17 percent from a year earlier, the Clientis Group reported today. «Our 15 banks again have been very successful in a challenging environment,» said Andreas Buri, the chief executive at Clientis AG, which provides the member banks with banking knowhow and services.
The group of banks attracted net new money of 373 million francs, despite the low interest on savings accounts. Assets under management thus rose almost 4 percent to 10 billion francs. The bank doesn’t charge interest on the cash holdings of its customers.
IT Project on Track
The number of personnel increased to 619 from 611, with full-time-equivalents reaching 509 positions from 501 a year ago. The cost-income-ratio appreciated to 62.5 percent from 63.9 percent in 2015.
Clientis is on track with the implementation of the IT-multi-provider-strategy announced last year. Inventx will provide the data processing and application management for the group starting in 2018.
Successful Service Provider
Clientis offers services to further regional banks outside the group as well. In addition to the IT products, the group also provides compliance, treasury/asset and liability management, risk management, investment and distribution services. The number of services sold to non-member institutes rose last year.
Clientis CEO Buri expects the real estate production this year to continue at the same rate as last year, with interest rates remaining very low. This will help the bank gain further business volume, the manager added in the statement.
