Press releases

Press Release: Results for first half of 2023

Banque Heritage Reaps the Rewards of its Sound Management and Benefits from the Current Financial Environment

Banque Heritage SA continues to flourish in the first half of 2023 after promising financial results for 2022. The Bank's more recent strategic alignment proves to have been well timed and the current outlook for the full year results is very positive.

Banque Heritage SA has seen its net operating income increasing by 16% to CHF 21.8mio compared to the same period last year, while total costs decreased slightly by 3.3% to CHF 18.3mio. As a result, the Bank shows a net profit of CHF 3.5mio, thus confirming the positive trend seen in 2022. On a consolidated level, the group posts a net profit of CHF 7mio thanks to the additional contribution of its Uruguayan banking operation.

True to its principles of prudence and capital preservation, the bank and the group maintain strong liquidity and capital ratios, both being well above regulatory requirements.

Marcos Esteve, CEO of Banque Heritage, commented: “These solid results confirm the strategy adopted by our Board and Executive Committee over the last three years, which has enabled us to transform the bank's business model and refocus mainly on our Private Banking and Asset Management activities in a limited number of markets.

Combined with maintaining our operating costs under control, these efforts have enabled us to post strong figures for the first half of the year, a trend that should be confirmed during the second half of 2023.

During the first semester our assets under management have developed positively as a result of inflows and portfolio performances generated by our Asset Management team. The bank also saw its fund representation activities for foreign collective investment schemes, launched last year, progress positively over the 1st half of the year. In order to strengthen this expertise, we have decided to expand our scope to include paying agent services for equities and fixed income securities.

In an increasingly complex environment, we are convinced that the bank's financial strength, its structure and positioning should enable us to grow sustainably in the future.”

View the official Press Release here:

Press Release: Results for first half of 2023

July 11, 2023

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Press Release on Annual Results 2023


April 29, 2024

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Banque Heritage Facilitates Refinancing of CHF 7M Chalet in Crans Montana for Client of Arc & Co.

Specialist real estate advisory firm Arc & Co. has arranged a new CHF 7 million loan from Banque Heritage to refinance a chalet in Crans-Montana, Switzerland. The loan was arranged on behalf of a HNWI via his Swiss holding company.

October 25, 2023

Press releases

Banque Heritage Appoints Martin Ermini as Branch Manager Basel

Banque Heritage SA sets next steps to grow locally and internationally and strengthens its commitment to Private Banking in Basel by appointing Martin Ermini as branch manager.

August 17, 2023

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