In 2025, BPS (Suisse) posted lower operating profit and net income than in the previous year. Operating profit amounted to 33,5 million francs (–10 percent), while net profit reached 27,6 million francs (–6 percent). Nevertheless, in its anniversary year, the bank — founded in 1995 — achieved the third-highest profit in its history, according to Wednesday’s statement.

Notably, given the challenging near-zero interest rate environment, net interest income increased to 27 million francs (+24 percent). The bank attributed this to higher lending volumes as well as lower deposit and refinancing costs.

More Mortgages, Even More Client Deposits

Client loans now total 5,8 billion francs (+3 percent), with the lion’s share accounted for by mortgage loans (5,4 billion francs, +4 percent). Client deposits rose by 8 percent to 6,4 billion francs.

Growth in net fee and commission income was less pronounced, increasing by 5 percent to 26,7 million francs. Trading income declined to 69,9 million francs (–7 percent), which the bank attributed to «lower interest rate differentials between the Swiss franc and the euro in refinancing business conducted in the European currency.»

Operating expenses increased by 4 percent to 85,9 million francs.

«Promising Prospects»

The sole shareholder of BPS (Suisse) is Banca Popolare di Sondrio. In July 2025, it was acquired by BPER Banca, Italy’s third-largest banking group. The new parent company plans to merge the two Italian institutions during the first half of 2026. The integration offers promising prospects for strengthening BPS (Suisse)’s presence in Switzerland and Monaco, the statement said.

BPS (Suisse) employs 378 staff and operates 21 branches, one of which is located in Monaco. Its board of directors also includes Daniel Zuberbühler, a veteran from the days of the Swiss Federal Banking Commission, a predecessor institution of today’s Finma.