In 2024, Bank Cler achieved an annual profit of 43,6 million francs. This represents an increase of 1.1 percent compared to the previous year, but less than before: in 2023, growth was still at 5,1 percent.

The bank experienced strong growth, particularly in the mortgage, deposit, and investment business. With an increase in customer deposits of 0,2 billion francs (+1,5 percent), the mortgage growth of 0,2 billion francs (+1,5 percent) can be fully financed, according to a statement released on Thursday.

The number of customers (+2,1 percent) and the number of those who delegate the management of their assets to Bank Cler (+4,5 percent) have increased.

Increase in Client Assets

Client assets rose by 0,5 billion francs to 16,6 billion francs (+2,8 percent). The net new money inflow amounted to 0,3 billion francs and, according to the statement, was partly due to savings products. Demand for wealth management mandates increased by 18 percent, while demand for investment solutions grew by 3,9 percent.

In the mortgage business, Bank Cler recorded growth of 0,2 billion francs to 17,1 billion francs (+1,5 percent) in the 2024 financial year, which was sustainably refinanced through additional customer deposits.

Expanding Market Position

«We were able to continue our growth in the 2024 financial year and increased both client assets and mortgage volume. The unique combination of personal advisory services in our branches and the Neobanking app Zak is ideal for meeting the diverse needs of our customers and further expanding our market position,» said Samuel Meyer, CEO of Bank Cler.

For this reason, the bank intends to continue investing in its branches and digital services. In 2024, the renovated branch in Neuchâtel was reopened, and a new location was established in Lucerne.

At the same time, there was an expansion in personnel in 2024. These expenditures led to an increase in operating expenses of 4,5 million francs (+2,9 percent). Business performance amounted to 79,5 million francs (-14 percent).