The Swiss regional banking group Valiant reported a consolidated profit of 73,4 million francs for the first half of 2025. This corresponds to an increase of 3,0 percent compared to the same period last year, according to a press release issued on Friday.

Operating profit fell by 2,9 percent to 113,4 million francs, compared to last year's «very strong result,» the bank added. Operating income also saw a slight decline of 0,9 percent, totaling 274,1 million francs.

Slightly Weaker Interest Business

Gross interest income dropped by 0,6 percent to 202,9 million francs, and net interest income decreased by 0,4 percent to 195,2 million francs. However, interest expenses declined sharply by 39 percent to 90,5 million francs.

Customer loans stood at 30,1 billion francs, slightly lower by 0,3 percent, although mortgage loans increased by 36,6 million francs. Customer deposits rose by 0,4 percent to 22,5 billion francs.

Clear Growth in Commission and Service Income

The commission and service business saw a notable increase of 7,7 percent, reaching 47,8 million francs. Commissions from securities and investment activities rose by nearly 14 percent.

According to the bank, this growth was primarily driven by increased custody assets due to net new money inflows and positive developments in the financial markets during the first half of the year. Other service revenues increased by 2,0 percent.

Decline in Trading Income

Trading income declined by approximately 22 percent to 20,8 million francs, due to falling interest rates in the eurozone and lower trading volumes.

On the cost side, the bank cited investments in digitalization and employer attractiveness as drivers. Operating expenses rose slightly by 0,8 percent to 150,4 million francs.

20 million francs were allocated to reserves for general banking risks. With a capital ratio of 16,8 percent, Valiant remains well above regulatory requirements.

Results Confirm Strategic Direction

«In light of the highly volatile market environment, we are very pleased with our half-year results for 2025,» said Valiant CEO Ewald Burgener. «The clear 7.7 percent increase in commission and service income confirms we are on the right track with the implementation of our ‘Valiant 2029’ strategy. Broader income diversification plays a key role in this strategy,» he added.

For the full year, Valiant expects a slightly higher consolidated profit, according to the outlook.