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Keystone
![Raiffeisen CEO Heinz Huber has headed the cooperative since 2019.]()
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Raiffeisen CEO Heinz Huber has headed the cooperative since 2019.
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Sven Thomann
![As with all of them, the year at Raiffeisen is marked by Corona.]()
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As with all of them, the year at Raiffeisen is marked by Corona.
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Sven Thomann
![The bank spoke 1.9 billion francs for corona loans.]()
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The bank spoke 1.9 billion francs for corona loans.
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Sven Thomann
![The bottom line is a minus in profit.]()
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The bottom line is a minus in profit.
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The Raiffeisen Group earned a little less on balance in the first half of 2020. At the operational level, however, it increased significantly. Client assets and mortgage claims also grew.
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As the third largest banking group in Switzerland announced on Wednesday, net profit fell by 2.5 percent to 346 million francs. Business success, i.e. the operating result, increased by 15 percent to 513 million francs.
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The gross profit from the interest business and thus the most important source of income rose by 2.9 percent to 1.17 billion Swiss francs. The banking group also issued more mortgages again. The total of mortgage claims at the middle of the year was 187.4 billion, 1.2 percent above the level at the end of 2019; the market share in this business was unchanged at 17.6 percent, according to the information.
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More money from customers
Client assets under management were also higher in the middle of the year. Compared to the end of the year, they rose by 4.6 percent to CHF 220.7 billion.
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The cooperative is somewhat cautious when it comes to the outlook. The effects of the pandemic in the second half of the year are “not yet assessable”. But one thing is clear: the group was one of the big lenders during the crisis. The institute spoke of 1.9 billion francs in corona loans.
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