Lausanne, Switzerland (24 Heures, Fre and TSR, Fre) – The BCV, Vaud’s cantonal bank, in 2007 had the second-best year in its history, with net income of CHF477 and total revenues of CHF1.1 billion. The overall performance was "stable" with net income down due to a heavier  tax burden that was foreseen. The balance sheet was up 7%, thanks in large part to growing customer deposits. Details, BCV

CEO Alexandre Zeller announced that after six years with the bank he will be leaving after the April shareholders’ meeting, but his new employer as well as his successor have not been named.

Posted by Ellen Wallace on 5 March 2008 at 11:06 | permalink
Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
        Post Comment  
 

News story, GenevaLunch, 5 March 2008.

Filed under: Uncategorized

Tags: ,

We are happy to have your comments, which are approved before they appear: please remember to be courteous and brief. We accept only comments directly related to an article. We do not accept comment spam - messages sent to more than one site. We do not publish comments if the e-mail address is not legitimate. Thank you!

Comments

Older comments

  1. GenevaLunch » Blog Archive » Vaud bank sees 15% revenue fall, but says resisting crisis well Says:
    May 15th, 2009 at 3:31 pm

    [...] “Vaud’s cantonal bank has strong 2007, boss leaves,” 5 March 2008, GenevaLunch Posted by :: Ellen Wallace on 10 March 2009 at 10:07 | permalink         Post Comment     [...]

Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.