Press Releases
Latest News on Raiffeisen in English (extract of all).
2026
Raiffeisen Switzerland nominates Basil Heeb as Chairman of the Board of Directors and three other members of the Board of Raiffeisen Switzerland
- Basil Heeb is to be nominated for election as the new Chairman of the Board of Directors at the upcoming General Meeting of Raiffeisen Switzerland
- Yvan Gaillard, Simon Gfeller and Philipp Kronenberg will also be nominated as new members of the Board of Directors
- The nominees will be proposed for election at the General Meeting on 19 June 2026
St.Gallen, 20 March 2026. The Board of Directors of Raiffeisen Switzerland has nominated Dr Basil Heeb as new Chairman of the Board of Directors and Yvan Gaillard, Simon Gfeller and Philipp Kronenberg as new members of the Board of Directors.
In Basil Heeb (61), Raiffeisen Switzerland gains a recognised executive with decades of experience in various roles within universal, retail and private banking. Heeb, who holds a doctorate in materials science from ETH Zurich, held a range of management positions in the banking industry before switching to independent management consultancy in early 2025. From 2019 to early 2025, he was CEO of Basler Kantonalbank, and from 2012 to 2017, he was Chief Financial Officer of Notenstein La Roche. Prior to this, he was a member of the Executive Board of Bank Wegelin's Basel branch from 2009 to 2012. He began his professional career in 1994 at McKinsey & Company. In addition to his operational activities, the banking specialist also brings experience at the strategic management level. From 2019 to 2025, he was Chairman of the Board of Directors of Bank Cler and from 2017 to 2019, a member of the Board of Directors of Swissquant Group.
Basil Heeb succeeds Thomas A. Müller. In September 2025, Müller decided not to stand for re-election to the Board of Directors.
«We are delighted to propose Basil Heeb, a proven leader with extensive strategic capabilities and a deep understanding of the Swiss banking landscape, for election as the new Chairman of the Board of Directors of Raiffeisen Switzerland. With his strong strategic and analytical skills as well as his entrepreneurial vision, he brings the expertise needed to lead and develop the Raiffeisen Group – in the interests of our members, clients and employees,» said Thomas A. Müller, Chairman of the Board of Directors of Raiffeisen Switzerland.
Three new members to join the Board of Directors and set the direction for the future
In addition to Basil Heeb, the Board of Directors will nominate Yvan Gaillard, Simon Gfeller and Philipp Kronenberg for election as representatives of the Raiffeisen banks at the General Meeting. They succeed Olivier Roussy – who is resigning from the Board of Directors of Raiffeisen Switzerland after 12 years due to term limits – and Thomas Rauber and Andrej Golob, who are no longer standing for re-election as members of the Board of Directors of Raiffeisen Switzerland due to their resignation from the Board of Directors of a Raiffeisen bank.
Yvan Gaillard (52) was CEO of Banque Syz, a banking group specialising in asset management, from 2019 to early 2026. His role at the private bank also saw him serving on the boards of various subsidiaries of the Syz Group. Prior to this, the banking expert held various management positions at the Pictet Group for almost two decades, most recently as Chief Operating Officer and member of the Executive Board. Yvan Gaillard brings in-depth banking expertise to the Board of Directors of Raiffeisen Switzerland. He is from French-speaking Switzerland and holds a Master's degree in Information Technology from EPFL in Lausanne.
For the past six years, Simon Gfeller (44) has been a self-employed entrepreneur and has held various board mandates, including Chairman of the Board of Directors of Raiffeisenbank Seeland in Biel since 2021. Prior to this, he worked at Landi Schweiz AG – a member of the Fenaco cooperative – for eight years until 2020, most recently as Deputy CEO and Head of Marketing and Sales. The agricultural economist has an Executive MBA in General Management and Leadership from Lucerne University of Applied Sciences and Arts. His proven leadership experience at both the operational and strategic levels will be an asset to the Board of Directors.
Philipp Kronenberg (56) has led the Swiss software and consulting firm bbv Software Services AG since 2014. He now brings his in-depth knowledge of IT and digitalisation projects to the Board of Directors of Raiffeisen Switzerland. He has been a member of the Board of Directors of Raiffeisenbank Lucerne since 2021. Prior to his appointment as CEO of bbv Software Service AG, he worked for various companies within the bbv Group and in the finance sector, with roles in areas such as controlling and consolidation at Xstrata AG (now Glencore). Philipp Kronenberg is a graduate in Business Administration (HWV) and holds a Master's in Corporate Finance from Lucerne University of Applied Sciences and Arts.
The nominees will bring fresh ideas and valuable insights into banking, IT, entrepreneurship and transformation, which will best prepare the Board of Directors for the future and boost the Group's strategic development. Thomas A. Müller: «In selecting candidates, it was important to us that the proposed members represented an ideal complement to existing members, and vice versa. This ensures that the Board of Directors works together effectively – in the interests of the entire banking group.» The General Meeting of Raiffeisen Switzerland, at which the nominated Members of the Board of Directors will be proposed for election – subject to final approval by FINMA – will take place on 19 June 2026 in Lugano.
Raiffeisen reports strong growth – business volume reaches a new record high
- Group profit of CHF 1.1 billion is 9.9% down compared to previous year
- Net interest income down by 7.1% to CHF 2.6 billion as expected
- Increase in mortgage loans of 4.6% to more than CHF 231 billion
- Remarkable growth in customer deposits of CHF 10.9 billion or 5.1%
- Commission and services income up 10.0%
- Significant increase in non-interest income rises share of comission and services income to 27.4%
- Excellent capitalisation – equity and loss-absorbing capital increase to CHF 28 billion
St.Gallen, 11 March 2026. The Raiffeisen Group looks back on a year of strong growth in 2025. Business volume reached a new record high. The Group reporteda profit of CHF 1.1 billion for the 2025 financial year– a good result. As expected, interest income did not reach the previous year's level, resulting in a 9.9% decline in profit. The remarkable growth of CHF 10.9 billion in customer deposits underscores the high level of client confidence in Raiffeisen. The banking group has consolidated its strong market position in the mortgage business and grew once again in the pension and investment businesss. Dr Gabriel Brenna, Chairman of the Executive Board of Raiffeisen Switzerland, comments on the result: "Raiffeisen successfully expanded its market position in a highly competitive environment in 2025 and can report strong growth figures. In the investment business in particular, we're in an excellent position for continued growth in terms of both volume and earnings."
Strong growth in customer deposits
Mortgage loans grew by CHF 10.2 billion to CHF 230.9 billion – an increase of 4.6%. Raiffeisen's share of the mortgage market thus increased again to 18.4%. Loans to clients in the corporate clients business increased by CHF 3.9 billion to CHF 57 billion. Raiffeisen acquired around 5,000 new corporate clients in 2025 with a particularly pleasing increase in the medium-sized and large enterprises segment being particularly encouraging. The focus remains on qualitative growth of the credit portfolio and a prudent risk policy. Value adjustments for default risks are at a very low level – 0.14% of total loans to clients.
In customer deposits, Raiffeisen surpassed the previous year's strong growth and recorded an increase of CHF 10.9 billion totalling CHF 225.8 billion (+5.1%). Growth is broadly based across the country. Thanks to the strong increase in client deposits, the refinancing ratio rose from 92.2% to 92.6%. Consequently, a very large proportion of loans to clients are covered by client deposits.
Non-interest income increases, asset management mandates drive growth
The net interest income (NII) declined due to a lower interest margin. In line with expectations, NII decreased by CHF 202.2 million or 7.1% to CHF 2.6 billion. This development was driven by the Swiss National Bank's interest rate cuts in the first half of 2025, which led to lower interest income, particularly from Saron Flex mortgages. In addition, Raiffeisen delayed the passing on of interest rates reductions on savings deposits, and clients benefited from attractive preferential terms in the anniversary year. By contrast, non-interest income performed very well. Thanks to the strong pension and investment business, Raiffeisen increased its commission and services income by 10% to CHF 751.9 million. The result from trading activities also rose significantly by 13.0% to CHF 295.6 million. Strong development in these two income pillars rose the share of non-interest income to 27.4%.
The securities account volume grew by CHF 7.8 billion to CHF 59.7 billion. Compared to the end of the previous year, this represents an increase of 15%. The net new money volume in the investment business was CHF 2.9 billion. The number of securities accounts also saw encouraging growth, with an increase of 56,000. Asset management mandates were once again the main driver of growth in the investment business. Both the number and the volume increased significantly, by 35% and 37% respectively. More than a quarter of Raiffeisen's total investment volume is now in asset management mandates.
Operating result stable at a good level
On the cost side, additional personnel in advisory services at the Raiffeisen banks let to an increase in personnel expenses of CHF 44.4 million, or 2.8%. The headcount grew by around 252 full-time positions in the period under review. General and administrative expenses rose moderately by CHF 13.2 million, or 2.2%. Higher costs were due in particular to anniversary activities and the project business. Overall, operating expenses increased by CHF 57.6 million or 2.6% to CHF 2.3 billion.
The cost/income ratio rose from 56.7% to 59.4% due to the increase in costs and lower operating income overall. A value adjustment of CHF 41.2 million was recognised in the context of the periodic impairment test of the participation in Leonteq AG. The operating result dropped by CHF 129.2 million to CHF 1.3 billion, down 9.1% year-on-year which is at a good level in a multi-year comparison. The resulting Group profit is CHF 1.09 billion. Raiffeisen thus reported a good result which was nonetheless down on the previous year's figure by CHF 120.1 million, in line with expectations. Around CHF 990 million of the profit will be retained in the Group's reserves, further boosting them.
Excellent capitalisation and liquidity situation
The high retention of earnings forms the basis for the ongoing strengthening of Raiffeisen's capital base. Equity and loss-absorbing capital (TLAC) grew to CHF 28.0 billion at the end of 2025. This resulted in a risk-weighted TLAC ratio of 27.5%, which is well ahead of regulatory requirements. Raiffeisen also comfortably meets the requirements for the unweighted leverage ratio at 8.6%. The Raiffeisen Group is one of the best capitalised banks in the world. Its excellent capital situation is reflected in very good ratings from external rating agencies. The Group's liquidity situation is also highly robust. Both the short-term liquidity coverage ratio of 163% and the long-term net stable funding ratio of 131% are well above the regulatory minimum of 100%.
Outlook and priorities for 2026
Raiffeisen is looking forward to 2026 with confidence. In interest operations, there is little momentum expected in the persistently low-interest rate environment. However, due to volume growth, Raiffeisen still expects net interest income to improve slightly and, overall, anticipates an operating result slightly above the previous year. "We have three clear priorities for 2026: completing the current Group strategy, diversifying our income by expanding our pension and investment business, and enforcing the new strategy by the end of the year," says Gabriel Brenna.
Raiffeisen Switzerland sells large portion of its Leonteq shares
St.Gallen, 2 March 2026. Raiffeisen Switzerland has sold 22.71% of its stake in Leonteq AG. The bank sold 16.221%, or three million shares, to H21 Macro Ltd, and a further 6.489%, or 1.2 million shares, to four private investors. Raiffeisen Switzerland has thus reduced its participation in Leonteq AG from 29.712% to 7.002%. Closure of the transaction is subject to regulatory approval and is expected no later than in the third quarter of 2026.
With these transactions, Raiffeisen Switzerland is ending its role as an anchor shareholder and focusing on its operational collaboration with Leonteq. The cooperation agreement between Raiffeisen Switzerland and Leonteq is therefore unaffected and will continue to run until March 2030.
Raiffeisen announces not to call Additional Tier 1 Notes
St.Gallen, 24 February 2026. Raiffeisen Switzerland has decided not to exercise its option to redeem the CHF 525 million AT1 notes (ISIN: CH0566511496) on 16 April 2026, the first call date for such securities.
The interest rate (coupon) for the duration of the next five-year period will be reset on 16 April 2026 based on the five-year SARON rate (minimum zero percent) applicable at the time plus a margin of 2.00 percent in accordance with the terms and conditions of the AT1 notes.
Subject to the approval of the supervisory authority, the AT1 bond may henceforth be called yearly by the issuer on 16 April each year with a 30-day notice period.
Raiffeisen Switzerland always decides whether to redeem a bond on a case-by-case basis, based on economic criteria taking account of current market conditions, the regulatory value of the instrument as well as the bank’s own capital planning.
Fitch once again confirms Raiffeisen's A+ rating
- Unchanged issuer default rating from Fitch in the high investment grade range with a rating of A+ and «stable» outlook
- Long-Term Senior Preferred Debt Rating of AA– remains unchanged as well
- Rating agency recognises Raiffeisen's strong position, excellent capitalisation and high quality of the loan portfolio
St. Gallen, 19 February 2026. The rating agency Fitch has once again confirmed its A+ issuer default rating for Raiffeisen. Fitch also left its Short-Term Issuer Default Rating of F1 and its Long-Term Senior Preferred Debt Rating of AA– unchanged. The agency continues to assess the outlook as «stable». This very good rating puts Raiffeisen among the highest-rated banks in the world.
In its report, the rating agency emphasises Raiffeisen's strong position in the Swiss retail and corporate clients business. Fitch also recognises Raiffeisen's strong capitalisation and robust risk profile, which makes Raiffeisen stand out internationally thanks to the high quality of its credit portfolio.
Safe and stable
Raiffeisen generated a good result in the first half of 2025, with a profit of CHF 555 million. Overall, Raiffeisen expects business to develop solidly in 2025, although earnings are predicted to be lower compared to the previous year. A risk-weighted TLAC ratio of 27.6% as of30 June 2025 underpins the very good capitalisation of Raiffeisen. The Group's liquidity situation is also extremely robust. The short-term liquidity ratio of 140.8% is well above the regulatory minimum of 100%. The net stable funding ratio (NSFR) remains consistently high at 132.5%, underlining the stable and sustainable funding for the loans of the Raiffeisen Group. Raiffeisen will publish its annual result for 2025 on 11 March 2026.
Standard & Poor's reconfirms Raiffeisen's very good rating
- Unchanged Standard & Poor's issuer rating of AA-/A-1+ for Raiffeisen; stable outlook confirmed
- Rating agency highlights Raiffeisen's excellent capitalisation and strong market position
St. Gallen, 7 January 2026. The rating agency Standard & Poor's (S&P) has once again confirmed its long-term issuer credit rating of AA- for Raiffeisen. S&P has also left its short-term issuer credit rating of A-1+ unchanged and continues to assess the outlook as "stable". This excellent assessment keeps Raiffeisen among the best-rated banks worldwide. S&P upgraded Raiffeisen's rating from A+/A-1 in April 2023 and has confirmed it every year since then.
In its report, the rating agency praises Raiffeisen's excellent capitalisation and its robust loan book. S&P also highlights the Group's strong market position, with a market share of 18.3% in the mortgage business.
Safe and stable
Raiffeisen generated a good result in the first half of 2025, with a profit of CHF 555 million. Overall, Raiffeisen expects business to develop solidly in 2025, although earnings are predicted to be lower compared to the previous year. A risk-weighted TLAC ratio of 27.6% as of30 June 2025 underpins the very good capitalisation of Raiffeisen. The Group's liquidity situation is also extremely robust. The short-term liquidity ratio of 140.8% is well above the regulatory minimum of 100%. The net stable funding ratio (NSFR) remains consistently high at 132.5%, underlining the stable and sustainable funding for the loans of the Raiffeisen Group. Raiffeisen will publish its annual result for 2025 on 11 March 2026.
2025
Change in the Executive Board of Raiffeisen Switzerland
St.Gallen, 25 September 2025. Roger Reist, who has been a member of the Executive Board of Raiffeisen Switzerland since spring 2020, has decided to step down from his position as Head of the Corporate Clients, Treasury & Markets department. He will be taking up the role of Head of Institutionals & Multinationals and Member of the Executive Board at Zürcher Kantonalbank with effect from 1 July 2026.
“In recent years, Roger Reist’s Corporate Clients, Treasury and Markets department has contributed to the stability of the Raiffeisen Group in an extremely challenging interest rate environment and has played a major role in shaping Raiffeisen’s further development in the corporate clients business. On behalf of the Executive Board of Raiffeisen Switzerland, I would like to take this opportunity to thank him for his hard work for Raiffeisen and wish him all the best for his personal and professional future,” says Christian Poerschke, interim Chairman of the Executive Board of Raiffeisen Switzerland. Philipp Ackermann, Head of Treasury at Raiffeisen Switzerland, is scheduled to manage the department on an interim basis. The search for a successor is under way.
Thomas A. Müller will not stand for a third term of office as Chairman of the Board of Directors of Raiffeisen Switzerland
St.Gallen, 2 September 2025. Thomas A. Müller, Chairman of the Board of Directors of Raiffeisen Switzerland, will not stand for re-election at the Annual General Meeting of Raiffeisen Switzerland on 19 June 2026. After around eight years on the Board of Directors of Raiffeisen Switzerland, including four and a half years as its Chairman of the Board of Directors, Thomas A. Müller will not stand for re-election at the end of the current two-year term of office and will leave the Board of Directors after the 2026 Annual General Meeting.
Thomas A. Müller, Chairman of the Board of Directors of Raiffeisen Switzerland: «I have taken over the chairmanship with the aim of further developing the cooperative group and advancing it in the interests of its customers and cooperative members. Raiffeisen has presented good business figures in recent years, is excellently capitalised and has a clear strategic focus. With the start of a new strategy period in 2026, the time is right for me to hand over the chairmanship to new hands.»
The Board of Directors will start the succession process immediately.
Sustained growth and a strong pension and investment business
St.Gallen, 20 August 2025. The Raiffeisen Group can look back on a positive first half of 2025. Profit is at a good level of CHF 555 million. The decline of 13.6% compared to the same period of the previous year is in line with expectations and reflects, in particular the decline in interest operations as a result of the Swiss National Bank's key interest rate cuts. Dr Christian Poerschke, Chairman of the Executive Board ad interim of Raiffeisen Switzerland, commented on the half-year results: "In a challenging market environment, we were able to record solid growth in all business areas. In particular, I am pleased to see that the share of neutral business in operating income has increased further. This shows that we are on track with our strategic goal of income diversification."
Fitch once again confirms Raiffeisen's A+ rating
- Unchanged issuer default rating from Fitch in the high investment grade range with a rating of A+ and «stable» outlook
- Long-Term Senior Preferred Debt Rating of AA– remains unchanged as well
- Rating agency recognises Raiffeisen's strong position, excellent capitalisation and high quality of the loan portfolio
St.Gallen,12 June 2025. The rating agency Fitch has once again confirmed its A+ issuer default rating for Raiffeisen. Fitch also left its Short-Term Issuer Default Rating of F1 and its Long-Term Senior Preferred Debt Rating of AA– unchanged. The agency continues to assess the outlook as «stable». This very good rating puts Raiffeisen among the highest-rated banks in the world.
In its report, the rating agency emphasises Raiffeisen's strong position in the Swiss retail and corporate clients business. Fitch also recognises Raiffeisen's strong capitalisation and robust risk profile, which makes Raiffeisen stand out internationally thanks to the high quality of its credit portfolio.
Safe and stable
Raiffeisen achieved a very good result in 2024 with a profit of CHF 1.2 billion and further expanded its market position. Thanks to its excellent capitalisation, Raiffeisen already meets the full capital requirements for systemically important banks (TLAC ratio on 31 December 2024: 26%). The Group's liquidity situation also remains robust. At 153.3%, the short-term liquidity ratio is well above the regulatory minimum of 100%. At 139.3%, the long-term refinancing ratio (net stable funding ratio) remains at a consistently high level and underlines the stable and sustainable refinancing of the Raiffeisen Group's loans. Raiffeisen will publish its half-year results on 20 August 2025.
Gabriel Brenna will be the new Chairman of the Executive Board of Raiffeisen Switzerland
- The Board of Directors of Raiffeisen Switzerland appoints Gabriel Brenna as the new Chairmanof the Executive Board of Raiffeisen Switzerland
- Gabriel Brenna is currently Group CEO of Liechtensteinische Landesbank AG and will take overoperational management of Raiffeisen Switzerland on 1 December 2025
- By appointing Gabriel Brenna, the Board of Directors of Raiffeisen Switzerland is deliberately strengthening its strategic and technological expertise
St.Gallen, 11 June 2025. The Board of Directors of Raiffeisen Switzerland yesterday appointed Dr Gabriel Brenna as the new Chairman of the Executive Board of Raiffeisen Switzerland. Gabriel Brenna has been Group Chief Executive Officer of Liechtensteinische Landesbank AG (LLB) since 2021 and will take over operational management of Raiffeisen Switzerland on 1 December 2025. He succeeds Heinz Huber, who stepped down from the role at the end of December 2024.
By appointing Gabriel Brenna, the Board of Directors of Raiffeisen Switzerland is providing fresh momentum for the coming strategy period. The 51-year-old joined LLB in 2012 as Head of Private Banking division. He has been a member of the Executive Board and Group Management since 2012 and has held the position of Group Chief Executive Officer for four years. Prior to this, Gabriel Brenna worked for the consulting firm McKinsey & Company for seven years. Gabriel Brenna has successfully managed LLB over the past few years and exerted strong operational and strategic influence. The Swiss-Italian dual citizen studied at the École Polytechnique Fédérale de Lausanne (EPFL) as well as at Carnegie Mellon University and Stanford University (USA). He received his doctorate from the Swiss Federal Institute of Technology (ETH) in Zurich in 2004.
Thomas A. Müller, Chairman of the Board of Directors of Raiffeisen Switzerland, on the appointment of Gabriel Brenna: «I am delighted to be able to appoint Gabriel Brenna, an outstanding leader, as the new Chairman of the Executive Board. With his in-depth knowledge of the financial sector and his strategic and technological expertise, Gabriel Brenna is the ideal candidate for the position of Chairman of the Executive Board. Thanks to his experience in investment and lending activities at LLB, Gabriel Brenna epitomises what drives us at Raiffeisen: customer orientation, security and entrepreneurial thinking.»
Gabriel Brenna: «I am honoured to take over the management of a successful and future-oriented company and would like to thank the Board of Directors of Raiffeisen Switzerland for the trust they have placed in me. Raiffeisen has great growth potential and, at the same time, strong co-operative DNA that needs to be preserved. Further developing the Group together and strengthening its competitive position is a major and fulfilling task.»
Dr Christian Poerschke will continue to act as Chairman of the Executive Board on an interim basis until Gabriel Brenna takes up his post definitively. He will then return to his previous role as CFO of Raiffeisen Switzerland.
Thomas A. Müller: «On behalf of the Board of Directors, I would like to thank Christian Poerschke for continuing to fulfil the role of Chairman of the Executive Board of Raiffeisen Switzerland on an interim basis. I am delighted that Raiffeisen Switzerland can continue to count on his excellent strategic, financial and banking expertise and his many years of experience in the company.»
Raiffeisen publishes annual reporting for 2024
St. Gallen, 16 April 2025. Raiffeisen Switzerland today published the Raiffeisen Group Annual Report 2024 and the Raiffeisen Switzerland Annual Report 2024.
The Raiffeisen Group's Annual Report contains detailed information on the banking group and its business activities, as well as detailed information on the annual financial statements and non-financial matters. The separate publications "Disclosure of climate-related information" and "Regulatory disclosure" supplement the Raiffeisen Group's Annual Report. Raiffeisen Switzerland's Annual Report rounds off the banking group's reporting for the 2024 financial year.
The 2024 financial year was very good for the Raiffeisen Group. With Group profit of CHF 1.2 billion (previous year: CHF 1.39 billion), Raiffeisen achieved the second-best result in its 125-year history. Raiffeisen succeeded in growing in all business areas. In the year under review, the banking group welcomed around 38,000 new cooperative members.
Committed to members and society
The cooperative model and the associated proximity to its clients make the Raiffeisen Group unique. Switzerland's second-largest banking group offers added value for its members and society in many ways. Last year, for example, members were able to benefit from discounted banking products, attractive interest rates on their share certificates and member benefits such as free admission to museums or discounted ski day passes. The Raiffeisen Group also invests in the training and continuing education of its more than 12,000 employees. Its commitment to society is also reflected in donations and regional sponsorships, among other things. On an ecological level, Raiffeisen supports the mitigation of climate change. The banking group reports this added value in the "Raiffeisen Added Value Barometer", which totalled CHF 444 million for the past financial year.
Further information on the 2024 financial year can be found at raiffeisen.ch/en/report. All publications relating to the 2024 annual reporting are also available for download there.
Raiffeisen reports strong year-end results – second-highest recorded profit, growth in investment and corporate clients business
- Group profit of CHF 1.2 billion, 13% below the previous year
- Mortgage loans increased by 4.6% exceeding CHF 220.8 billion
- Encouraging increase in customer deposits of CHF 7 billion to CHF 214.9 billion; net new money inflow of CHF 3.4 billion into pension and investment accounts
- Very good net interest income of CHF 2.8 billion, 7.5% below the previous year's exceptionally high result
- Continued positive development in the pension and investment business reflected in the net income from commission business and services (+9.5%)
- Credit volume and client base in corporate business expanded with more than 5,000 new corporate clients acquired
- High operating result of CHF 1.4 billion
- Exceptionally well capitalised – capital increased to CHF 26.9 billion
St. Gallen, 27 February 2025. The Raiffeisen Group achieved a very good result in 2024 with a group profit of CHF 1.2 billion, being the second-highest profit in Raiffeisen's 125-year history. Though profit is 13% below previous year, the difference is largely attributable to the exceptionally high net interest income last year. The bank's client business continued to grow. In the pension and investment business, the Group recorded a net new money inflow of CHF 3.4 billion. The Group also strengthened its market position in the corporate clients business in 2024. In total, Raiffeisen acquired more than 5,000 new corporate clients. Christian Poerschke, Chairman of the Executive Board ad interim of Raiffeisen Switzerland, commented on the result: "Raiffeisen achieved a very good result in 2024 and is exceptionally well positioned thanks to its business model and strong capitalisation. We have focused on strengthening client relationships in recent years – with success, as the Group's encouraging figures show."
MSCI raises Raiffeisen Switzerland's ESG rating to AA
St.Gallen, 13 February 2025. MSCI has raised Raiffeisen's ESG rating from A to AA in its latest assessment. This is the second-best rating that can be achieved in this ranking, making Raiffeisen one of the best-rated companies in its sector. MSCI's ESG rating is internationally recognised and is intended to assess how a company deals with its financially relevant ESG risks and ESG opportunities.
2024
Standard & Poor's once again confirms very good rating for Raiffeisen
St.Gallen, 20 December 2024. The rating agency Standard & Poor's (S&P) has once again confirmed its long-term issuer credit rating of AA- for Raiffeisen. S&P also maintains the short-term issuer credit rating of A-1+. The agency continues to assess the outlook as "stable". This very good rating places Raiffeisen among the best rated banks in the world. S&P had upgraded Raiffeisen's rating in April 2023 and confirmed it for the first time in December 2023.
Heinz Huber steps down as Chairman of the Executive Board
St.Gallen, 18 December 2024. After almost six years, Heinz Huber will step down from his role as Chairman of the Executive Board of Raiffeisen Switzerland on 31 December 2024 and leave the company to take on the role of Chairman of Graubündner Kantonalbank and move to the strategic management level as of July 2025.
Inrate raises Raiffeisen's ESG rating to B+
St.Gallen, 9 October 2024. Inrate has raised Raiffeisen's ESG Impact Rating from B to B+. This makes Raiffeisen one of the best-rated banks worldwide according to Inrate. Inrate AG is an independent Swiss rating agency specialising in sustainability data and ESG ratings. Inrate's ESG rating assesses the impact of companies on the environment and society and examines how companies are managed. The B+ classification stands for positive effects on the environment and society. Inrate's rating is particularly important in a Swiss context. For example, the operator of the Swiss stock exchange SIX relies on Inrate ratings when developing sustainability indices..
Continuing growth in client business– encouraging first half of 2024 for Raiffeisen
St. Gallen, 21 August 2024. The Raiffeisen Group can look back on a positive first half-year. At CHF 641.6 million, profit is at a high level – the second-best half-year result in the banking group’s history. Following an exceptionally strong prior-year period, the decline of 8.4% is in line with the expectations forecast at the beginning of the year.
Fitch confirms Raiffeisen's very good rating
St.Gallen, 4 July 2024. The rating agency Fitch has confirmed its A+ issuer default rating for Raiffeisen. Fitch also left its Short-term Issuer Default Rating of F1 as well as its Senior Unsecured Rating of AA– unchanged. The agency continues to assess the outlook as "stable". This very good rating puts Raiffeisen among the highest rated banks in the world.
In its report, the rating agency emphasises Raiffeisen's strong position in the Swiss retail and corporate clients business. Fitch also recognises Raiffeisen's profitability, strong capitalisation and robust risk profile, which makes Raiffeisen stand out internationally thanks to the high quality of its credit portfolio.
Raiffeisen publishes annual reporting for 2023
St. Gallen, 19 April 2024. Raiffeisen Switzerland today published the 2023 Annual Report of the Raiffeisen Group and the 2023 Annual Report of Raiffeisen Switzerland.
The year 2023 was a successful one for the Raiffeisen Group. At CHF 1.39 billion, Group profit was 17.7% above the previous year's level. The banking group significantly increased its income from the client business in particular. It succeeded in generating growth in all business areas and gaining market share. Raiffeisen is continuously expanding its services by strategically investing in digitalisation and in consulting for its more than 3.69 million clients.
The Raiffeisen Group's Annual Report provides detailed information on the banking group and its strategy, business activity, governance and 2023 financial statements. In addition, the progress it has made in implementing its sustainability strategy is documented in the chapters on non-financial reporting. Raiffeisen has also published the disclosure of climate information in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the GRI content index.
All publications are available at report.raiffeisen.ch.
Successful financial year for the Raiffeisen Group – market position further expanded
St. Gallen, 7 March 2024. 2023 was a successful year for the Raiffeisen Group – both the operating result and profit were increased. At CHF 1.39 billion, Group profit was up 17.7% on the previous year. The main increase was in the Group’s revenues from client business. The operating result rose by CHF 354.5 million to CHF 1.7 billion.
2023
Standard & Poor's confirms very good rating for Raiffeisen
St.Gallen, 1 December 2023. The rating agency Standard & Poor's (S&P) has confirmed its long-term issuer credit rating of AA- for Raiffeisen. S&P also maintains the short-term issuer credit rating of A-1+. The agency continues to assess the outlook as "stable". This very good rating places Raiffeisen among the best rated banks in the world. S&P upgraded Raiffeisen's rating in April 2023 and at the same assigned an AA-/ A-1+ resolution counterparty rating, due to the voluntarily early fulfilment of the 2026 regulatory Total Loss-Absorbing Capacity (TLAC) requirements.
Raiffeisen publishes annual reporting for 2022
St.Gallen, 21 April 2023. Today Raiffeisen published the annual report and the magazine covering the financial year of the Raiffeisen Group as well as the annual report of Raiffeisen Switzerland.
In 2022, the Raiffeisen Group generated a very good result with a Group profit of CHF 1.18 billion, thus continuing the success of recent years. A particular factor in the banking group's success is its proximity to its 3.6 million clients and more than 2 million cooperative members.
The Raiffeisen Group's annual report provides detailed information on the balance sheet and income statement for 2022, as well as on the banking group's corporate governance and sustainability performance. Raiffeisen has also published the GRI content index and a disclosure of Climate-related information according to the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD). The magazine covering the financial year shows the people behind the published figures, and their stories. This latest publication focuses on the topic of sustainable pensions and investments, with its many facets.
The annual reporting for 2022 is available online at report.raiffeisen.ch
Raiffeisen Switzerland is a member of the London Bullion Market Association
St.Gallen, 18 April 2023. In recent years, Raiffeisen Switzerland has seen increased demand from clients and significant growth in the precious metals business. With its membership in the London Bullion Market Association (LBMA), Raiffeisen is now strengthening its experience and competence in precious metals trading. As the largest internationally recognised industry association for precious metals, the LBMA sets market standards and also shapes the future alignment of the precious metals industry with regard to environmental, social and governance (ESG) aspects. This includes, in particular, the responsible sourcing and procurement of precious metals. Raiffeisen only sells gold bars from refiners that meet the LBMA Good Delivery Standards.
Pioneer in responsible gold procurement
In the procurement of gold for its own gold bars, Raiffeisen has pursued the new “Responsibly Sourced and Traceable” approach since 2021. This approach permits traceability of the gold’s origin and promotes the environmental and social compatibility of the companies in the supply chain. The origin of each bar as well as all companies involved in the supply chain can be traced via a Raiffeisen website using the bar number. In addition to this, Raiffeisen integrates gold from small-scale mines from developing and emerging countries, provided that they are part of a recognised programme for the improvement of environmental and social compatibility. For instance, with the aim that the mines refrain from using mercury or that they improve the safety of the workforce. At the same time Raiffeisen also provides financial support for such initiatives. In November 2021, Raiffeisen was the first retail bank in Switzerland to launch an exchange-traded gold ETF that invests in responsibly sourced and traceable gold, the "Raiffeisen ETF – Solid Gold Responsibly Sourced & Traceable". Raiffeisen was awarded with the Swiss ETF Awards 2023 in the Newcomer category for this fund.
Raiffeisen emergency plan rated effective
St Gallen, 5 April 2023. As a systemically important banking group, Raiffeisen is legally obliged to draw up an emergency plan with the aim of maintaining systemically important functions in the event of a threat of insolvency. FINMA has rated the emergency plan of the Raiffeisen Group and deemed it effective for the first time.
As of 31 December 2022, Raiffeisen had fully built up the additional loss-absorbing capacity (gone concern capital) required in the event of an emergency without making use of the transitional provisions. As a result, the emergency plan meets the requirements for maintaining systemically important functions without interruption in the event of a threat of insolvency.
Standard & Poor's raises rating of Raiffeisen Switzerland to AA-/A-1+
- Standard & Poor’s raises Issuer Credit Rating to AA-/A-1+ (previously A+/A-1), stable outlook confirmed
- Rating agency underscores excellent capitalisation, strong market position and robust quality of loans
Raiffeisen achieves very strong annual result
- The Raiffeisen Group generated a profit of 1.18 billion (+10.6%) in 2022
- Strong Mortgage loans increased 3.7% to over CHF 200 billion
- Client deposits increased 1.5%
- Net new money inflow of 3.9 billion in pension and investment deposits
- Consistently positive development of commission and service business income (+10.3%)
- Operating result rose CHF 85.9 million to 1.4 billion
- Cost/income ratio sees further improvement to 55.9%
- Excellent capital base – Going-and gone-concern capital increased to CHF 23.1 billion
2022
Raiffeisen Switzerland issues a bail-in bond in euro
St.Gallen, 24 October 2022. Raiffeisen Switzerland is the first domestic systemically important Swiss bank (D-SIB) to issue a bail-in bond in euro. The benchmark bond with an issue volume of € 500 million has a maturity until 2027. The bond will be paid on 1 November 2022 and will be traded at the SIX Swiss Exchange under ISIN CH1224575899. The first trading day is 1 November 2022.
Issuing bail-in capital allows Raiffeisen Switzerland to build up additional loss-absorbing funds under the regime governing systemic importance. Furthermore, bail-in bonds are aimed at institutional and professional investors, due to their structure or minimum denomination of € 100,000. An "A" rating is expected from Standard & Poor's (S&P) and an "A+" rating from Fitch for this bond.
Stable and successful – Raiffeisen reports strong half-year result
The Raiffeisen Group achieved a very good result in the first half of 2022. The Group profit of CHF 556 million is up 10.1 % on previous year’s result. Particularly in the commission and service business as well as in interest business the Group recorded pleasing growth. The business volume of the group is also growing continuously.
Raiffeisen publishes its annual reports for 2021
St. Gallen, 22 April 2022. The Raiffeisen Group today published the annual report and yearly report of the Raiffeisen Group as well as the annual report of Raiffeisen Switzerland for the 2021 financial year. The documents can be retrieved at report.raiffeisen.ch.
Raiffeisen reports outstanding year-end results
In 2021 the Raiffeisen Group generated an excellent result, with a Group profit of CHF 1.07 billion, 24.2 % higher than the previous year. Significantly higher income in all business areas contributed to this.
Raiffeisen receives «Prime» status for its ISS ESG sustainability rating
The sustainability rating agency ISS ESG awarded Raiffeisen «Prime» status for its sustainability performance. This places Raiffeisen among the top 10 % of its peer group worldwide when it comes to sustainability.
2021
General Meeting elects Thomas A. Müller as Chairman of the Board of Directors and Sandra Lathion to the Board of Directors
At the extraordinary general meeting of Raiffeisen Switzerland, the representatives of the Raiffeisen banks elected Thomas A. Müller as Chairman of the Board of Directors of Raiffeisen Switzerland with a majority of 76 percent of the votes. In addition, the representatives newly elected Sandra Lathion with a majority of 94 percent to the Board of Directors.
Change in the Executive Board of Raiffeisen Switzerland
Rolf Olmesdahl, since mid-2015 Department Head of IT&Services (COO) and Member of the Executive Board of Raiffeisen Switzerland, and Raiffeisen Switzerland have decided to terminate the employment relationship.
Raiffeisen becomes the first retail bank in Switzerland to launch a responsible gold ETF
Raiffeisen launches an exchange-traded fund that invests in responsibly sourced gold.
Very good rating for Raiffeisen – Fitch rates Group A+
New issuer default rating from Fitch in high investment grade range: Raiffeisen rated«A+» with a «stable» outlook.
Raiffeisen reports excellent half-year result – high client trust, strong client business
The Raiffeisen Group recorded an excellent result in the first half of 2021. The Group profit of CHF 505 million is well above the previous year (+45.9 %).
Chairman of the Board of Directors Guy Lachappelle announces his resignation as per the end of July 2021 – Pascal Gantenbein takes over official duties with immediate effect
Guy Lachappelle, Chairman of the Board of Directors of Raiffeisen Switzerland since 2018, has informed the Board of Directors that he will resign from his position as per the end of July 2021.
Moody's raises the outlook for Raiffeisen Switzerland to «positive»
Moody's has just announced that it has raised the outlook for Raiffeisen Switzerland from «stable» to «positive».
Raiffeisen publishes its annual reports for 2020
St.Gallen, 16 April 2021. The Raiffeisen Group today published the annual report and yearly report of the Raiffeisen Group as well as the annual report of Raiffeisen Switzerland for the 2020 financial year. The documents can be retrieved at https://report.raiffeisen.ch/2020/en/
Raiffeisen Switzerland successfully issued an additional tier 1 bond
St.Gallen, 12 March 2021. Raiffeisen Switzerland successfully issued an additional tier 1 bond (AT1 bond) for nominal CHF 200 million. By doing so Raiffeisen achieves the desired further diversification of different capital instruments and qualities and strengthens its already strong capital base. The AT1 bond was issued with a 2,25 % coupon.
Raiffeisen reports strong year-end results
St. Gallen, 4 March 2021. Raiffeisen operated successfully and prudently in the past year.
Key results
- The Raiffeisen Group generated a profit of CHF 861 million in 2020 (+3.1 %)
- Very good operating business – increase in operating result by CHF 37.9 million to CHF 967 million
- 37,000 new customers – growth in all regions of Switzerland
- Client assets increased by CHF 16.8 billion to CHF 224 billion
- Mortgage loans rose by 2.7 % – the targeted growth at market level continues
- Significant progress in pension provision and investments business – doubling of asset management mandates and, more than 20 % growth in fund savings plan and retirement savings deposit accounts
- Cost-income ratio improved from 61.3 to 59.4 %
- Very good capital resources with a TLAC ratio of 20.6 %
2020
Standard & Poor's assigns A+ rating to Raiffeisen Switzerland
St. Gallen, 21 September 2020. The rating agency Standard & Poor's (S&P) published its rating for Raiffeisen Switzerland and assigned a long-term issuer credit rating of «A+» (short-term issuer credit rating «A-1») to the bank. The agency set the outlook to «stable».
Raiffeisen reports good half-yearly results – Core business performed strongly
St. Gallen, 19 August 2020. The Raiffeisen Group closed the first half of 2020 with a good result. Its core business performed well again. Customer deposits rose a rapid 5.7 % to CHF 186.3 billion. Thanks to pleasing income growth and simultaneous cost reductions, the banking group significantly increased its operating result by 15.0 % to CHF 513 million in the first half of 2020. «The Raiffeisen Group has succeeded in pursuing the path it has set for itself despite the challenging environment thanks to its clear business model, solid capital base and the extraordinary dedication of its people. Our earnings performance in the first half-year and excellent cost discipline produced a strong operating result,» said Heinz Huber, Chairman of the Executive Board of Raiffeisen Switzerland.
Raiffeisen publishes Group and Raiffeisen Switzerland annual reports 2019
St.Gallen, 17 April 2020. After the Annual Media Conference on 1 March 2019, Raiffeisen today published the annual report 2018 of the Raiffeisen Group and the annual report of Raiffeisen Switzerland. The documents can be retrieved at report.raiffeisen.ch.
Moody's rates the outlook for Raiffeisen Switzerland as «stable»
Moody's has just announced that it has upgrades the outlook for Raiffeisen Switzerland from «negative» to «stable». The rating agency also confirms the «Long-Term Deposit Rating» at «Aa3» and the «Senior Unsecured Debt Rating» at «A3».
Raiffeisen closes financial year successfully – strong customer confidence, high earnings
The 2019 financial year was a great success for the Raiffeisen Group. Despite a continuously challenging environment, the Group achieved a strong result. Group earnings increased by CHF 294 million to CHF 835 million, with Raiffeisen making particularly strong gains in client business. Client deposits increased by CHF 10.5 billion to CHF 176 billion (+6.3%).
