loading

Bonhôte ends its 200th year on a high note and opens a branch in Lausanne

04/04/2016

Neuchâtel, 17 March 2016

Bonhôte ends 200th year on a high note and opens a new office in Lausanne

Bonhôte’s revenues continued to grow across all divisions in 2015, with business anchored as firmly as ever in the Swiss market. Last year also marked the 200th anniversary.

Net profit based on unaudited figures rose sharply to CHF 6.338 million, fuelled by all client categories. Net new money was encouragingly strong, equating to 5.9% of client assets. The core capital ratio (CET1) stood at 23.7% – one of the highest in the industry and many times the minimum thresholds required under Basel III rules (4.5%) and by the Swiss Financial Market Supervisory Authority (7.0%). The short-term liquidity coverage ratio (LCR) stood at 473.7% versus 100%.

All business lines – wealth management, institutional investment management and independent financial advisors – are growing and recorded substantial amounts of new funds. Neuchâtel-based Bonhôte continues also to hire new employees. After having opened offices in Biel-Bienne, Geneva and Bern, the bank announces the opening of a new branch in Lausanne for this summer.

Yves de Montmollin, Group CEO, highlights the reasons for this success story: Our business model first and foremost takes an interest in our clients, with the aim of offering leading-edge expertise and bespoke services. This, in itself, gives us a head start over our competitors. Additionally, the 200th anniversary celebrations in 2015 raised the Bank’s profile across Switzerland, including in German-speaking regions.

Two centuries after coming into being, Bonhôte is investing in new products and services targeting the client needs of today. Priority areas range from sustainable development and corporate social responsibility to risk management and income generation, by harnessing the potential of its well-known property fund Bonhôte-Immobilier. Switzerland’s financial industry is changing and Bonhôte is contributing positively to developments.