Successful Start to 2026 for Valiant

With CHF 33.2 million, Valiant increases its group profit by 1.5 percent compared to the previous year. The business income sees an increase of 0.9 percent to CHF 134.7 million. Even in a zero- interest rate environment, the purple bank continues to perform well, increasing its business success by 0.4 percent compared to the previous year, reaching CHF 53.9 million.

"Valiant has made a successful start to 2026. We are on track even in challenging circumstances and will continue to implement our 'Valiant 2029' strategy consistently. The pleasing result for the first quarter shows that our clients trust us. Additionally, we are continuing Valiant’s growth path," says Valiant CEO Ewald Burgener.

Growth in loans and customer funds:

Valiant can also increase customer loans in the first quarter. With an increase of 1.1 percent, these amount to CHF 30.7 billion. Customer funds see growth of 0.5 percent, reaching CHF 22.9 billion.

Solid interest business even in a zero-interest rate environment:

Despite the ongoing zero-interest rate environment, the interest business is developing solidly. The gross profit amounts to CHF 100.6 million, marking an increase of 1.6 percent compared to the previous year. The net profit rises by 0.9 percent, amounting to CHF 97.2 million.

Increased revenue in the commission and service business:

The profit in the commission and service business increases by 4.6 percent to CHF 25.8 million. The highest share is contributed by commission income in the securities and investment business at CHF 17.0 million, representing an increase of 9.7 percent compared to the previous year. This change is mainly due to increased custody assets. The commission income in the other service business records a decrease of 4.4 percent, mainly resulting from decreased income due to the free Purple Set, which clients have benefited from since March 2025.

Trading business success and other ordinary success:

The trading business success amounts to CHF 10.0 million (-10.7 percent) and remains at a high level. Other ordinary income increases to CHF 1.7 million (+30.4 percent). This increase is mainly attributable to higher participation income.

Business expense development:

Business expenses amount to CHF 75.7 million. The increase of 1.4 percent results mainly from measures to enhance employer attractiveness. Operating expenses decrease by 2.7 percent, despite investments in digitalization and further development of the offering.

Strengthening reserves for general banking risks:

Thanks to the positive development in the first three months, CHF 11.0 million could be allocated to the reserves for general banking risks. This strengthens Valiant’s equity and, with a total capital ratio of 17.0 percent, is clearly above regulatory requirements. Valiant is convinced that strong capitalization is in the interest of both clients and investors. The total capital ratio is at the upper end of the internally defined range of 15 to 17 percent. Already in February 2026, Valiant informed about the planned share buyback program. The goal of the purple bank is to keep the total capital ratio within the target range.

Top savings account with attractive preferential interest rate:

The new top savings account is enjoying great popularity. Those who transfer new funds to Valiant by May 31, 2026, can benefit from the preferential interest rate of 1.01 percent until the end of February 2027.

Multiple award-winning investment competence:

Especially in a zero-interest environment, investing money gains importance. Valiant has once again proven its competence in the areas of investment and asset building in three different ratings. For the second consecutive time, Valiant is also recognized as the "best bank nationally" in the private banking rating of the economic magazine BILANZ in 2026. Two Valiant funds receive the LSEG Lipper Fund Award Switzerland. Additionally, three Valiant strategy funds have received the highest Crown Fund Rating with five crowns each. More information can be found here.

Outlook:

For the current year, Valiant anticipates a slightly higher group profit.

Documents and information on the quarterly result are available here: valiant.ch/results

Images can be downloaded here: valiant.ch/downloads

Press contact:

Contact for analysts and investors: Joachim Matha, Head of Investor Relations, 031 310 77 44, ir@valiant.ch

Contact for media representatives: Nathalie Hertig, Head of Corporate Communications, 031 320 96 18, medien@valiant.ch

Editor's note: Image rights belong to the respective publisher.