Banque Cantonale Vaudoise 2016 Annual Report with Sustainability Disclosures
Company: Banque Cantonale Vaudoise
Sector: Finance & insurance
Country: Switzerland
Year: 2016
Type: Annual Report with Sustainability Disclosures
Pages: 200
The report describes BCV's 2016 results in a difficult interest-rate and market environment: revenues declined 6% to CHF 967m, while operating profit was CHF 383m and net profit CHF 310m. It highlights continued digital-service initiatives, including the TWINT investment and online mortgage renewal. On environmental matters, the bank reports a 15% reduction in energy consumption over five years and energy savings from renovation work at its Vevey branch. BCV Group ended the year with 1,943 employees on an FTE basis.
Indicators available in this report: