Zuger Kantonalbank

ZUGER

Equity

ISIN CH0493891243 / Valor 49389124

SIX Swiss Exchange (2026-05-22)

CHF 10,450.00-1.42%

Zuger Kantonalbank
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About company

Zuger Kantonalbank is the cantonal bank serving the Canton of Zug in Switzerland, operating as a regional commercial bank that provides a full range of retail and corporate banking services including deposit-taking, mortgage lending, business loans and payment services, alongside wealth and asset management, investment advice, custody and trading facilities for private and institutional clients. As a locally focused lender and financial intermediary, it supports households, small and medium-sized enterprises and public-sector clients in the canton through a network of branches and digital channels, combining traditional lending and deposit activities with advisory and investment solutions.

Summarized from source with an LLMView SourceSector: Finance

Headline profit

Consolidated six‑month profit: CHF 70.943 million, +18.3% versus H1 2024.

Operating income mix

Operating income rose to CHF 168.0 million (+9.0%): net interest income CHF 108.0 million (+7.2%), commission and service income CHF 46.2 million (+11.2%), and trading result CHF 9.9 million (+16.7%).

Expenses and operating result

Operating expenses were CHF 71.2 million (+3.6%), producing an operating result of CHF 82.4 million (+16.9%). Cost‑income ratio improved to 42.2% (down 1.6 percentage points).

Balance sheet size and liquidity

Total assets: CHF 19.656 billion (+4.1% vs 31.12.2024). Liquid assets rose to CHF 3.132 billion (+35.2%), while amounts due to banks decreased markedly.

Loans, deposits and AUM

Loans to customers CHF 15.593 billion (mortgages CHF 14.655 billion). Customer deposits stable at CHF 12.901 billion. Assets under management increased to CHF 20.14 billion (+4.3%).

Capital and reserves

Equity remained strong: retained earnings and reserves increased (total equity CHF 1.5587 billion at 30.06.2025). Reserves for general banking risks: CHF 790.682 million.

Credit risk and provisions

Change in value adjustments for default risks was small (net change reported in the income statement: CHF –0.75 million), and the bank notes limited credit losses in the period.

Operational investments and headcount

Operating costs include planned investments in growth and innovation; FTEs increased to 509 (from 498), with personnel expenses up modestly.

Outlook

Zuger Kantonalbank is cautiously optimistic for H2 2025, expecting to achieve a slightly higher result for the full year 2025 than in 2024, while noting macro and geopolitical risks (lower growth, market volatility).

Summarized from source with an LLMView Source

Key figures

21.5%1Y

36.8%3Y

52.3%5Y

Performance

11.6%1Y

12.0%3Y

13.5%5Y

Volatility