Valiant increases its group profit by 3.4 percent to 75.9 million Swiss francs. The operating profit rises by 0.4 percent compared to the previous year to 113.9 million Swiss francs. The operating income also records an increase of 1.2 percent to 277.3 million Swiss francs.
'Our growth figures demonstrate the trust our clients have in us. We are also making good progress in implementing our strategy. The increase in commissions from securities and investment business by 13.2 percent is a key step towards broader income diversification,' says Valiant CEO Ewald Burgener.
Growth in loans and customer deposits
Customer loans increased by 1.9 percent to 30.9 billion Swiss francs in the first half. Customer deposits amounted to 23.2 billion Swiss francs, representing an increase of 2.1 percent. The Savings Account Top with a preferential interest rate of 1.01 percent is particularly popular and contributes to this growth.
Solid interest business despite zero interest environment
The interest business develops slightly downwards in the ongoing zero interest environment but remains at a high level. Compared to the previous year, both the gross interest income (-1.3 percent) at 200.3 million Swiss francs and the net interest income (-1.2 percent) at 192.9 million Swiss francs decreased.
Increased commission and service fee revenue
In line with the 'Valiant 2029' strategy, income diversification plays an important role. Growth in commission and service fee business contributes to this, achieving a 7.7 percent increase to 51.5 million Swiss francs compared to the previous year. The increase in commissions from securities and investment business is mainly due to increased volume of assets under management through new money inflows and the positive development in the financial markets.
Success in trading business and other ordinary income
Success from trading business remains high at 20.2 million Swiss francs, slightly decreasing (-2.9 percent). Other ordinary income records an increase of 23.9 percent to 12.7 million Swiss francs, mainly due to higher income from participations.
Administrative expenses
Administrative expenses saw a slight increase by 1.4 percent to 152.5 million Swiss francs, attributed to investments in digitalization and employer attractiveness. Within the program to increase operational efficiency, Valiant continues to pursue consistent cost management.
Share buyback program initiated
Thanks to the positive development in the first half, 17.5 million Swiss francs are allocated to the reserves for general banking risks. This strengthens Valiant's equity, with a total capital ratio of 17.0 percent, far exceeding regulatory requirements. Valiant is convinced that solid capitalization is in the interest of both customers and investors. The announced share buyback program started on June 1, 2026.
Strategy on track
Since early 2025, the purple bank has been consistently implementing its 'Valiant 2029' strategy. Simplicity and profitability are central. Besides the further development of the offering and measures for income diversification, the efficiency improvement program is also progressing as planned. This includes cost savings and personnel reduction through natural attrition by 2028.
New banking packages for companies - from free to unlimited
Valiant aims to simplify the financial life of its clients. The new business sets are not only simpler and more attractive but also more tailored to the needs of SMEs and self-employed individuals. Valiant now offers the Basic Set for free. It includes, among other things, an account and a debit Mastercard. More comprehensive services are available in the Plus or Premium Set - with, for example, an unlimited number of accounts and transactions.
Valiant as a responsible trainer
Valiant is committed to education and continues developing its employees. All 22 trainees successfully completed their final exams again this year. As in previous years, Valiant offers successful graduates the opportunity to apply their expertise at the purple bank.
Outlook
Valiant anticipates a slightly higher group profit for the current year.
Documents and information on the half-year results are published here: valiant.ch/ergebnisse
Images can be downloaded here: valiant.ch/downloads
Media 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