Geneva-headquartered CBH Compagnie Bancaire Helvétique, a family-owned bank, has just released its financial results for 2024. 

Switzerland's CBH Compagnie Bancaire Helvétique continued to grow in 2024, with assets under management reaching SFr16.3 billion ($18.4 billion), rising nearly 14 per cent from SFr14.3 billion at the end of 2023.

This performance was driven by stronger financial markets and a net-new-money inflow of SFr619 million, the bank said in a statement.

Total revenues for the year grew by 9 per cent to SFr200.8 million, up from SFr183.5 million in the previous year. Operating expenses rose by 17 per cent year-on-year to SFr95.4 million, driven primarily by capital expenditure – particularly in human capital across all sectors – which accounted for 70 per cent of the total increase. This has led to a steady operating income of SFr84.2 million, the bank continued. After allocations to the general reserves for banking risks, the group posted a net result of SFr36.2 million, a slight rise compared with 2023.

Financial strength and lasting stability
With a Tier 1 ratio of 39.8 per cent and consolidated equity (including 2024 profit) of SFr445 million compared with SFr372 million at the end of 2023, CBH's capitalisation grew in 2024.

“Our results are a testament to the dedication of our teams and the high standards we uphold across all areas of the bank” said Simon Benhamou, chief executive officer. “This commitment to excellence, combined with a culture of collaboration and innovation, has been key to navigating a year of economic divergence. Looking ahead, we will continue to focus on talent and digitalisation, which are central to sustain success and drive future growth." 

CBH Compagnie Bancaire Helvétique is licensed as a bank in Switzerland and is authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA). Its affiliated companies are regulated by the CSSF in Luxembourg, the Financial Conduct Authority (FCA) in the United Kingdom, the Central Bank of The Bahamas, the SFC in Hong Kong and the CVM in Brazil.

In October last year, CBH appointed Simon Benhamou as CEO, with immediate effect. He took over from Philippe Cordonier, who retired.