In the 2024 fiscal year, Banque Cramer increased its assets under management by 15 percent reaching 3,7 billion Swiss francs.

However, bottom-line results declined compared to the previous year. Net profit fell from 9.1 million francs to 7.2 million francs, as stated in the annual report released on Wednesday. Operating profit also dropped significantly – from 14.8 million francs to 10.4 million francs.

Decline in Trading and Interest Income

The main reasons for the decline were lower income from trading activities (down 3.7 million francs) and a reduction in net interest income (down 3.6 million francs). The only area that showed growth was commission and service income, which rose from 20.6 million francs to 22.3 million francs.

On a more positive note, the bank managed to attract net new money of 158.2 million francs. However, this figure is well below the 398.2 million francs recorded in the previous year. Operating costs were reduced by 1.3 million francs to 32.9 million francs.

Equity Base of 93.4 Million Francs

Since March 2024, the private bank has been led by new CEO Thomas Müller, who previously headed Banque CIC Suisse. According to the bank, Müller is expected to streamline structures and modernize digital infrastructure. The leadership change was first reported by finews.ch in March 2024.

The bank's capital base remains solid. The Tier 1 capital ratio stood at 31.9 percent at year-end, and the Liquidity Coverage Ratio (LCR) at 363.4 percent. As of the end of 2024, total equity amounted to 93.4 million francs.