Operating income climbed 1.0 percent to 415.2 million Swiss francs, while operating profit nudged upward by 0.2 percent to 171.2 million Swiss francs. The bank’s lending business grew by 2.5 percent, pushing the total volume to 31.1 billion Swiss francs, and customer deposits rose 2.4 percent to 23.3 billion Swiss francs. While net interest income dipped 1.3 percent to 292.7 million Swiss francs due to hedging costs and interest rate pressures, the commission and services sector surged by over 10 percent, bolstered by a 16 percent spike in securities and investment income.
Operating expenses rose 1.8 percent to 228.7 million Swiss francs, driven by digital transformation projects and efforts to bolster the firm’s standing as an employer. The bank maintains a capital ratio of 17.0 percent, prompting a share buyback program that saw 57,080 shares repurchased by the end of September. Looking ahead, management anticipates a slightly higher group profit for the full year 2026, supported by new service packages for SMEs and youth-oriented banking incentives.
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