Lausanne, Switzerland (GenevaLunch) – Regional and smaller customer banks continue to make inroads in Swiss banking, with cooperative bank Raiffeisen boosting its share of the Swiss mortgage market to 15 percent. Mortgages were up 9.1 percent, an increase of CHF9.2 billion.
The company’s 2009 financial results, announced Friday 5 March, show a strong inflow of new client money: CHF110.7b, an increase of 6.4 percent. The bank’s profit rose by 14.4 percent to CHF645.4 million.
Raiffeisen is the country’s third largest bank, after UBS and Credit Suisse, and it is steadily gained ground in recent years.
Posted by Ellen Wallace on 5 March 2010 at 13:46 | permalink
This work by genevalunch.com is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported.
News story, GenevaLunch, 5 March 2010.
Filed under: Business
Tags: financial results 2010, mortgages, Raiffeisen, Swiss banks, Switzerland
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