In 2025, GLKB generated a net profit of 2,8 million, representing a 10 percent decrease compared to the previous year. Operating profit declined by the same percentage to 25,9 million francs, the bank announced on Thursday.

Despite this, GLKB described the result as «solid.» After a challenging first half of the year, the bank significantly improved its performance in the second half.

Lower Net Interest Income

Net income from the key interest business fell by 8,7 percent to 53,4 million francs. Meanwhile, mortgage receivables increased by 2,5 percent over the course of the year to 6,18 billion francs.

GLKB also pointed to the creation of precautionary value adjustments for inherent default risks. The initial build-up launched in 2021 was completed by the end of 2025. The total value adjustments for such risks now amount to 15 million francs, strengthening the bank’s resilience.

Other Areas Perform Positively

Income from commission and services rose by 3,1 percent to 17,9 million francs. This was driven by higher client activity in the investment business as well as an increase in assets under management. Commission income from lending activities and other service businesses also developed favorably. Trading income increased significantly, rising by around 14 percent to 18,8 million francs.

Overall, the bank generated operating income of 95,8 million francs in 2025, down 2,7 percent compared to the previous year.

The «Bitubi» business unit, which provides services in the areas of lending and software licensing, developed positively in 2025. Growth amounted to 10 percent, reaching 0,8 million francs.

Extraordinary Expenses for the ESAF

Operating expenses declined by 0,6 percent to 64,4 million francs. Personnel expenses remained stable, while general and administrative expenses fell by 0,4 percent. On the expense side, extraordinary costs related to the Federal Swiss Wrestling and Alpine Festival (ESAF) Glarnerland+ as well as significant investments in IT security had an impact, the statement said. The reduced compensation for the state guarantee, however, had a positive effect.

The dividend remains unchanged at 1,00 francs per share. A total of 13 million francs will flow to the public sector in the form of compensation for the state guarantee, taxes, and the proposed dividend distribution.