CBH Bank reports sustained AuM and revenue growth in 2024

Assets under management on the rise

CBH continued its growth trajectory in 2024 with assets under management reaching CHF 16.3 billion, an increase of nearly 14% from CHF 14.3 billion at the end of 2023. This performance was driven by an exceptional year for financial markets and a net-new-money inflow of CHF 619 million.

Revenue growth and steady operating income

Total revenues for the year grew by 9% to CHF 200.8 million, up from CHF 183.5 million in the previous year, reflecting the Bank’s sustained development. Operating expenses rose by 17% year-on-year to CHF 95.4 million, driven primarily by capital expenditure – particularly in human capital across all sectors – which accounted for 70% of the total increase. This has led to a steady operating income of CHF 84.2 million. After allocations to the general reserves for banking risks, the Group posted a net result of CHF 36.2 million, a slight increase compared with 2023.

Financial strength and lasting stability

With a Tier 1 ratio of 39.8% and consolidated equity (including 2024 profit) of CHF 445 million compared to CHF 372 million at the end of 2023, CBH’s capitalization grew further in 2024 demonstrating enduring stability. The quality of the Group’s balance sheet and its financial strength were also reaffirmed by S&P’s BBB/A-2 credit rating.

“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 digitalization, which are central to sustain success and drive future growth.”