Profits climb at Valiant
Valiant Holding has recorded healthy profit growth for the first half of the year. The Berne-based banking group disclosed a 16.3 per cent increase in profits, which reached SFr26 million ($15 million).
Valiant Holding was formed in 1997 through the merger of three Swiss banks: Spar & Leihkasse Bern, Gewerbekasse Bern and BB Bank Belp. Bank in Langenau merged into the group in 1998.
The company provides commercial loans and is also involved in securities trading. It has 57 offices in the Guerbe Valley, Fraubrunnen, Laupen and Berne.
Over the first six months of the year, revenue on loans - the group’s principal source of revenue - rose 8.7 per cent to reach SFr91.2 million.
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