Cooperative bucks the banking trend

The Raiffeisen cooperative bank group was among the winners of the financial crisis, with net profit climbing 14.4 per cent in 2009 to SFr645.4 million ($600 million).

This content was published on March 5, 2010 - 10:49

The group announced on Friday it had also consolidated its share of the mortgage market, which increased by 9.1 per cent to SFr110.7 billion. This represented a market share of 15.2 per cent.

Total client assets under management rose by 8.1 per cent to SFr134.9 billion.

Raiffeisen chairman Pierin Vincenz said this growth did not come at the expense of security, something the bank said was greatly valued by its customers.

Reports surfaced in 2009 that the financial crisis had prompted many savers to start spreading their assets around different institutions to safeguard them. Raiffeisen, along with cantonal banks and the post office's banking arm, benefited from this trend. and agencies

Articles in this story

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Sort by

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.