Berner Kantonalbank (BEKN) H1 2025 earnings summary

Executive summary

• Achieved a half-year profit of CHF 76.3 million, up 1.4% year-over-year, despite challenging market conditions and volatile interest rates.

• Customer growth and strong commission/service business (+11.1%) supported stable, sustainable development.

• Maintained a solid capital base with a Basel III total capital ratio above 20%.

Financial highlights

• Total assets increased by 3.4% to CHF 41.9 billion compared to year-end 2024.

• Customer loans rose 1.3% to CHF 30.9 billion; mortgage loans up 3.0% to CHF 29.2 billion.

• Customer deposits grew 1.7% to CHF 27.5 billion.

• Assets under management increased 1.7% to CHF 43.6 billion.

• Operating income reached CHF 277.0 million (+2.4% year-over-year); operating expenses rose 4.4% to CHF 140.1 million.

• Net interest income slightly decreased by 1.4% to CHF 191.4 million.

• Commission and service income grew 11.1% to CHF 62.6 million.

Outlook and guidance

• Management remains cautiously optimistic for the second half of 2025, despite ongoing low interest rates and market volatility.

• Strong capital and liquidity position support long-term strategy and resilience.