Valiant Continues Its Success in the Third Quarter of 2025

Valiant continues its growth trajectory and has made gains in both mortgage financing and customer deposits. After three quarters, a Group profit of CHF 108.3 million is the result, corresponding to an increase of 3.1% compared to the previous year. Considering the very strong results of the previous year, the business success reduces by only 3.9% to CHF 170.9 million. The operating income decreases by 1.5% to CHF 411.1 million.

"We remain successfully on track even after the third quarter of 2025. In a dynamic and challenging environment, we are very satisfied with the quarterly results. Even in a zero-interest environment, our clients can count on us: Besides the Extra savings account, which we offer at a preferential interest rate, we continue to pay interest on our range of savings products," says Valiant CEO Ewald Burgener.

Stable Interest Business

Gross success in the interest business decreases by 0.6% to CHF 305.7 million. Net interest income amounts to CHF 296.6 million and marks a decrease of 0.7%. The robust interest income is attributed to the still high interest margin of 1.08% and active balance sheet structure management.

Commission and Service Business

Success from commission and service business marks an increase of 5.9% compared to the previous year, amounting to CHF 72.0 million. Revenue from commissions on securities and investment business rises by 12.3%. This change is attributed to the "Valiant 2029" strategy, in which broader diversification of revenues plays an important role, as well as to the positive development of financial markets. Although clients have benefited from the Lila Set for free since March 2025, there is a slight increase of 0.2% from other service business.

Success from Trading and Other Ordinary Income

Success from trading declines due to falling interest rates in the euro area and lower trading volumes, resulting in a success of CHF 31.0 million (-23.0%). Other ordinary income increases by 8.2% to CHF 11.5 million, primarily attributed to higher income from investments.

Business Expenses

Due to investments in digitization and employer attractiveness, business expenses rise slightly by 0.4% to CHF 224.8 million. Personnel expenses record a slight plus of 0.7% due to an increase in the wage bill. Material expenses remain nearly unchanged compared to the previous year (+0.1%).

Strengthening of Reserves for General Banking Risks

Due to positive development, Valiant strengthens the reserves for general banking risks with CHF 31.0 million in the first nine months. Under Swiss accounting rules, reserves for general banking risks are fully creditable as part of equity. This strengthens Valiant’s equity, resulting in a capital ratio of 16.9%, significantly above regulatory requirements. Valiant believes that solid capitalization is in the interest of both clients and investors.

Development of Loans and Customer Deposits

Valiant increases mortgage financing by 0.8% or CHF 218.0 million in the first nine months. In line with its "Valiant 2029" strategy, Valiant actively manages its loan portfolio to further increase its profitability. Overall, this results in a growth of customer loans by CHF 8.1 million to CHF 30.2 billion. Customer deposits rose by 0.9% to CHF 22.6 billion, also contributed by the Extra savings account. Those who transfer new funds to Valiant by 30 November 2025 can benefit from a preferential interest rate of 0.81%. All information about the Extra savings account is available here.

Multibanking for Private Clients

As the first Swiss bank, Valiant has been offering multibanking for private clients since the beginning of September 2025. Customers not only have an overview of their Valiant accounts but can also view those of third-party banks. With the early introduction of this new service, the purple bank underscores its efforts to make its customers' financial lives as simple as possible. Further information is available here.

Easy Digital Investing

Valiant continuously develops its digital offerings. In addition to opening the savings plan online independently, investors can now open their execution-only custody account directly online and enter buy/sell orders for fund investments.

Sustainability at Valiant

Valiant takes its responsibility for climate protection seriously and is actively committed to a sustainable future. The newly released publication "Our Path to Net Zero by 2050" provides a simple and clear overview of how Valiant plans to become climate neutral by 2050. More information on sustainability at Valiant and the publication can be found on the website. Valiant promotes financing of energy-efficient properties and energy renovations through a reduced mortgage interest rate. The Lila Environmental Mortgage has been made even more attractive, with the maximum amount being raised, the maximum term increased, and the product opened up to a wider audience. Information about the Lila Environmental Mortgage is available here.

Outlook

For the current year, Valiant expects a slightly higher Group profit.

Documents and information for the third quarter of 2025 are available here: valiant.ch/ergebnisse

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 Professionals: Nathalie Hertig, Head of Corporate Communications, 031 320 96 18, medien@valiant.ch

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