BCF Results 2025: Net Profit Drops 20.6% Amidst Swiss National Bank Rate Changes

Net profits at the Banque Cantonale de Fribourg (BCF) fell by 20.6% to 267.2 million Swiss francs in 2025, according to the bank’s annual results released today. The decline is largely attributed to a shift in monetary policy by the Swiss National Bank (SNB), which reduced the remuneration on liquidity reserves deposited with the SNB from 1.75% to 0% over the past two years.

Gross operating profit also decreased, falling by 13.2% to 305.5 million Swiss francs. But, the bank reported increases in other areas of its business. Commission and service income rose by 8.3% to 45.9 million Swiss francs, while trading income increased by 3.5% to 12.2 million Swiss francs. Mortgage loans grew from 19.8 billion to 20.6 billion Swiss francs over the year.

Operating expenses increased by 6.5% to 140.2 million Swiss francs, driven by a 10.7% rise in general operating costs. Total revenues declined by 15.4% to 333.8 million Swiss francs. Despite the decrease in profits, the bank’s balance sheet total increased by 2.7% to 29.5 billion Swiss francs. As of December 31, equity stood at 2.7 billion Swiss francs, with a CET1 ratio of 18.04%.

The SNB, Switzerland’s central bank, currently maintains a policy rate of 0.00% as of February 11, 2026, according to its website. The SNB’s recent presentation on the Credit Suisse crisis and its effect on the Swiss credit market highlights the ongoing financial stability concerns within the country.

Looking ahead to 2026, BCF acknowledged an environment of “uncertainty” but maintained that the bank’s “beneficial prospects” remain intact. The bank operates a network of 25 branches and employs 602 people.