In the first half of the year, Acrevis Bank reported an operating profit of 16.1 million Swiss francs and a half-year net profit of 13.8 million francs, falling only slightly short of the previous year's figures, with a decrease of 1 percent and 1.1 percent.

The asset management business performed well, with a portfolio volume increase of 8.7 percent. This led to a 10.2 percent rise in commission income from securities and investment business. Trading income also saw a modest increase of 2.6 percent.

However, in the interest business, gross income fell by 6.7 percent or 1.9 million francs to 27.1 million francs. The higher lending volume (a net increase of 1.1 percent to 4.0 billion francs) was insufficient to offset the negative effects on interest income.

Continued Growth in Portfolio Volume

The asset management business continued to perform well, with portfolio volume rising by 8.7 percent to 5.8 billion francs. As a result, commission income from securities and investment business increased by 10.2 percent. Trading income remained steady at 3.6 million francs, which is an increase of 2.6 percent, while other regular income rose by 1.2 percent to 1.4 million francs.

Operating expenses for the first six months of 2024 amounted to 27.5 million francs, a 3.4 percent increase. Personnel expenses grew by 6.6 percent to 14.5 million francs, primarily due to additional temporary staff required for regulatory updates of customer data.

New Executive Team Member

At the end of 2024 Sandro Schibli will step down as Head of Private Banking and a member of the Executive Board, but will continue his role as a Senior Client Advisor at Acrevis. The bank’s Board of Directors has appointed Beat Stöckli as his successor.

Before joining Acrevis, Stöckli served as CEO of the Regional Bank Ersparniskasse
Schaffhausen for nine years.