Zuger Kantonalbank

Latest Results (08.10.2025):

Zuger Kantonalbank has reported a positive financial performance for the first half of 2024, aligning with its #gemeinsamvorwärts 2025 corporate strategy. While the consolidated profit slightly decreased to CHF 60.0 million compared to the previous year, the bank experienced growth in business volumes and asset management, supported by increased commission income and stable interest operations.

Profit Performance

The consolidated profit for the first half of 2024 stood at CHF 60.0 million, reflecting a 4.3% decrease year-on-year. Despite this decline, Zuger Kantonalbank maintained a strong net result from interest operations at CHF 100.8 million, marking a 1.0% increase compared to the previous year.

Business Growth

Business volumes increased in line with the bank's growth trajectory under the #gemeinsamvorwärts 2025 strategy. Customer deposits rose by CHF 117.9 million to CHF 13.2 billion, and loans to customers grew by 4.8% year-on-year to CHF 15.6 billion.

Asset Management

Assets under management surged by CHF 1.1 billion to reach CHF 18.8 billion, driven by a CHF 117.9 million increase in the total management business. This growth underscores the high level of customer trust in Zuger Kantonalbank's investment and asset management expertise.

Operating Expenses

Operating expenses increased by 6.5% to CHF 68.7 million, primarily due to a 7.3% rise in personnel expenses and a 5.4% increase in general and administrative expenses. The bank anticipates that these costs will stabilize in the second half of 2024.

Outlook

Zuger Kantonalbank remains optimistic about achieving a strong full-year result in 2024. The bank expects continued solid business performance in the second half, supported by a positive economic environment in Canton Zug and targeted measures in asset and liability management.