Business ::
© 2009 Raiffeisen Schweiz
Lausanne, Switzerland (GenevaLunch) – Raiffeisen bank, Switzerland’s third largest cooperative banking group, says its loan portfolio grew 4.3 percent to CHF 113.3 billion in the first half of 2009, compared to the same period last year. Fixed-rate mortgages made up 67 percent of the loan portfolio, the bank said 19 August. Client funds grew 3.5 percent in the period to CHF 107.7bn. Interest income for the bank was up 7.1 percent to almost CHF1bn in the first six months of the year. Its membership also grew to more than 1.6mn, an increase of 2.5 percent since end December.
