According to a statement released on Wednesday, mortgage claims rose by 10,2 billion francs to 230,9 billion francs, corresponding to growth of 4,6 percent. Client lending in the corporate business increased by 3,9 billion francs to 57 billion francs.

Over the past year, Raiffeisen gained more than 5'000 new corporate clients, with particularly strong growth in the segment of medium-sized and large companies.

Client deposits also recorded strong growth. Raiffeisen surpassed the previous year’s increase, generating net new money of 10,9 billion francs. Total client deposits now amount to 225,8 billion francs (+5,1 percent). The growth was broadly supported across all regions.

Net income from the interest business declined due to a shrinking interest margin. It fell by 202,2 million francs, or 7,1 percent, to 2,6 billion francs. This development was influenced by the Swiss National Bank’s interest-rate cuts in the first half of 2025, which in particular led to lower interest income from Saron-flex mortgages.

Higher Trading Income

Thanks to strong pension and investment business, Raiffeisen increased income from commission and service activities by 10 percent to 751,9 million francs. Income from trading activities also rose significantly, increasing by 13,0 percent to 295,6 million francs. As a result, the share of non-interest income in total operating income increased to 27,4 percent.

Custody assets grew by 7,8 billion francs to 59,7 billion francs. Compared with the end of the previous year, this represents an increase of 15 percent. Net new money in the investment business amounted to 2,9 billion francs. The number of custody accounts also developed positively, rising by 56’000, according to Raiffeisen.

The main driver of growth in the investment business was once again discretionary asset management mandates. Both the number and the volume increased significantly, by 35 percent and 37 percent respectively. More than a quarter of Raiffeisen’s total investment assets are now held in discretionary asset management mandates.

More Staff

On the cost side, the expansion of advisory staff at Raiffeisen banks led to personnel expenses increasing by 44,4 million francs, or 2,8 percent. The workforce grew by around 252 full-time positions. Operating expenses rose moderately by 13,2 million francs, or 2,2 percent. Higher costs were mainly driven by anniversary activities and project work.

Overall, operating expenses increased by 57,6 million francs, or 2,6 percent, to 2,3 billion francs.

Due to higher costs combined with lower operating income, the cost-income ratio rose from 56,7 percent to 59,4 percent.

Operating profit amounted to 1,3 billion francs, 9,1 percent below the previous year. «In a multi-year comparison, this represents a good level,» the statement said.

Group profit totalled 1,09 billion francs. Raiffeisen thus reported a solid result, although it declined by 120,1 million francs compared with the previous year, «as expected». Around 990 million francs of the profit will be allocated to the group’s reserves, further strengthening them.

This means profit at the Raiffeisen Group has declined again. In 2024 it amounted to 1,21 billion francs, which already represented a decrease of 13 percent compared with the previous year.