Banque Cantonale Vaudoise (XSWX:BCVN)
CHF 93.85 0.35 (0.37%) Market Cap: 8.06 Bil Enterprise Value: 3.24 Bil PE Ratio: 17.18 PB Ratio: 2.09 GF Score: 69/100
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Half Year 2021 Banque Cantonale Vaudoise Earnings Call Transcript

Aug 19, 2021 / 01:00PM GMT
Release Date Price: CHF81.8 (-0.61%)
Operator

Ladies and gentlemen, welcome to the BCV 2021 Half Year Results Conference Call and Live Webcast. I am Alice, the Chorus Call operator. (Operator Instructions) For the call today, the speakers will refer to the slides, which are available for viewing on the IR section of the BCV website since this morning.

At this time, it's my pleasure to hand over to Pascal Kiener, CEO. Please go ahead, sir.

Pascal Kiener
Banque Cantonale Vaudoise - CEO & Member of Management Board

Thank you very much. Good afternoon, everybody, and maybe good morning for some of you calling from the U.S.

Let me go direct on Page 4. I think we have a good result, a very good result in this first half given the context. They are not as good as 2018 or 2019, but those 2 years were record years, but nevertheless very close to them with a net profit of CHF 173 million. I think, CHF 10 million short of the best results in the last 2 years, I think.

Now I will concentrate on some business evolution in our different business lines, and Thomas then will concentrate

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