BC St. Gallen was full of confidence in the first half of the year

The Cantonal Bank of St. Gallen (SGKB) is revising its ambitions for the current financial year upwards. Assuming that the second semester will be the same as the first, the establishment now anticipates a 2021 performance higher than that of 2020.

Provided by inflows of fresh money of 2.9 billion francs, assets under management swelled to 53.9 billion between January and the end of June, underlines the mid-term report unveiled on Wednesday.

At the operational level, the half-year operating income increased by 2.6% over one year to 253.2 million francs, while the related result rose 10.6% to 109.0 million. Net profit increased 12.4% to 93.9 million.



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