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Cantonal Bank results down …

With operating profit of 28.3 million francs at the end of June (16% lower than in the same period in 2019), the Neuchâtel Cantonal Bank should not renew its record 2019 profit at the end of the year. result judged however “satisfactory” by the bank, taking into account the period of confinement.

Although the bank offered its services on a continuous basis, most of its activities suffered “a marked slowdown during the most acute phase of the pandemic”. For example, financing activity has “slowed down considerably”: a large number of industrial and real estate projects have been resized, suspended or even abandoned “. The outlets, which all remained open, “experienced a very significant drop in the number of transactions.”

Turbulence to come

On the other hand, the team set up to respond to the Confederation’s “Covid loan” program has not been idle: 1000 companies have used it. In anticipation of future turbulence in the economy, the bank has allocated 7.6 million francs to reserves for general banking risks.

Customer deposits increased by 112 million francs. A result consistent with the upward trend in recent years. Information taken from the bank, this amount therefore does not allow to indicate if the sums available to Neuchâtelois have changed significantly during the pandemic, for example due to an increased saving, or then because of decreases in income. significant.

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