PKB Private Bank reports a positive 2024
- Informations
- Download
Un document
Lugano, April 29, 2025
2024 has been a year of strong interest for financial markets, shaped by macroeconomic developments, geopolitical shifts, and evolving market dynamics. While these factors have posed challenges, they have also created a range of investment opportunities. In this context, PKB demonstrated its resilience, closing the year with a net profit of CHF 11.1 million, and CHF 15.5 million at Group level. The bank’s results were particularly affected by the adoption of more accommodating monetary policies by major central banks, which led to a contraction in interest margins. Conversely, commission income recorded a slight increase, supported by the growth in client assets, driven by the positive performance of the markets.
As of the end of 2024, PKB managed CHF 13.5 billion in assets at Group level, with CHF 6.5 billion managed by the bank alone. With a Tier 1 ratio of 35.5% (32.5% at Group level) and shareholders’ equity of CHF 413 million, the Institution reaffirms its position as one of the most solid in Switzerland.
During the year, PKB undertook a series of strategic initiatives aligned with its long-term vision. In particular, last October the Group Wealth Solutions department was strengthened with the aim of optimizing the bank’s range of products and services. This development marks an important step forward in PKB’s commitment to providing a comprehensive 360-degree support to its clients.
Moreover, as part of a broader strategic expansion, PKB acquired a majority stake in Belvoir Capital, an independent asset manager based in Zurich. Following regulatory approval, the merger between Alasia SA - part of the PKB Group - and Belvoir Capital AG was finalized in December. Through this transaction, the bank aims to position itself as a leading Swiss wealth manager and multi-family office.
«The 2024 results confirm our ability to effectively navigate challenges, highlighting PKB’s solidity, the soundness of our strategy, and the dedication of all our employees in pursuing shared goals» commented Luca Venturini, Chief Executive Officer of PKB.
The Board of Directors and the Executive Board extend their gratitude to all the customers for the trust they have placed in PKB over the years and to all the employees for their dedication and commitment to the company's success.
For additional details on our financial results: Annual reports | PKB
For media enquires please contact: Simona Frisoli – Communications simona.frisoli@pkb.ch PKB Private Bank SA Communication T +41 91 913 35 35 T +41 91 913 31 88 communication@pkb.ch www.pkb.ch