BANQUE CANTONALE DE GENÈVE SA ANNUAL REPORT 2022
Disclaimer: This is a free translation of the original French version. In case of discrepancies, the French version shall prevail.
Overview
Snapshot
2 BCGE Group key consolidated figures | 1 |
3 2022 Performance - performance indicators prove strong
Introduction
4 Message from the Chairman, Manuel Leuthold
Turning out very good results despite a volatile environment
6 Message from the Chief Executive Officer, Blaise Goetschin Staying on course
Presentation of the BCGE Group
8 Stock exchange listing
- Geographical organisation
- Local presence
- Corporate strategy
- Business model
- Operational organisation
- Risk management
- Banking and financial services
- Digital banking
- Human resources
- Ambassadors
Ethical and environmental responsibility
29 2022 Activity Report
Comments on the Group financial statements
92 Record earnings and dividend
Deloitte - Report on audit
97 of consolidated financial statements
2022 Consolidated Financial Statements
Deloitte - Report on audit
135 of annual financial statements
2022 Annual Financial Statements
161 Proposed allocation of profit
Inside back cover Addresses
BCGE Annual Report 2022
BCGE Group
Key consolidated figures1
Balance sheet (in CHF million) | 2022 | 2021 | 2020 | 2019 | 2018 | ||
2 | Balance sheet total | 30,034 | 28,294 | 27,542 | 24,919 | 23,034 | |
Advances to clients | 18,525 | 18,356 | 17,593 | 17,025 | 16,603 | ||
Client deposits and borrowings | 24,223 | 22,831 | 21,375 | 18,965 | 18,056 | ||
Shareholders' equity | 1,984 | 1,827 | 1,716 | 1,667 | 1,570 | ||
Results (in CHF million) | |||||||
Net profit from interest operations | 286 | 228 | 216 | 231 | 247 | ||
Result from commission business and services | 133 | 136 | 116 | 120 | 117 | ||
Result from trading activities | 38 | 34 | 30 | 31 | 29 | ||
Other ordinary income | 19 | 41 | 5 | 37 | 16 | ||
Total operating income | 476 | 439 | 367 | 420 | 409 | ||
Operating expenses | 261 | 254 | 237 | 239 | 232 | ||
Operating profit (in CHF million) | 195 | 174 | 113 | 165 | 161 | ||
Result of the period (in CHF million) | 176 | 125 | 105 | 97 | 91 | ||
Assets under management and | 33.4 | 34.1 | 31.8 | 30.4 | 26.7 | ||
administration (in CHF billion) | |||||||
Total number of employees | |||||||
• by full-time work units | 873.6 | 834.1 | 819.6 | 780.4 | 760.6 | ||
• by persons | 926 | 886 | 873 | 833 | 811 | ||
Ratios (%) | |||||||
Shareholders equity / total assets | 6.6 | 6.5 | 6.2 | 6.7 | 6.8 | ||
Market capitalisation to equity | 65.1 | 63.3 | 66.7 | 84.0 | 88.1 | ||
Operating profit to equity | 10.1 | 9.7 | 6.7 | 10.1 | 10.5 | ||
Return on Equity (ROE) | 9.1 | 7.0 | 6.2 | 5.9 | 5.9 | ||
Costs / income | 54.9 | 57.8 | 64.7 | 56.9 | 56.7 | ||
Capital coverage | 16.5 | 16.5 | 16.2 | 16.1 | 15.6 | ||
Payout ratio | 29.5 | 34.3 | 32.7 | 34.4 | 37.0 | ||
Figures per share (in CHF) | |||||||
Shareholders' equity | 276 | 254 | 238 | 232 | 218 | ||
Operating profit | 27 | 24 | 16 | 23 | 22 | ||
Net profit | 24 | 17 | 15 | 13 | 13 | ||
Dividend per CHF 50 share | 5.5* | 4.5 | 3.75 | 3.75 | 3.4 | ||
Stock market data (parent company) | |||||||
High and low share prices (in CHF) | |||||||
• high | 182 | 175 | 204 | 204 | 198 | ||
• low | 159 | 153 | 157 | 192 | 162 | ||
• close | 180 | 161 | 159 | 195 | 192 | ||
Market capitalisation (in CHF million at 31 December) | 1,292 | 1,156 | 1,145 | 1,400 | 1,382 | ||
Number of shares in thousands (historic information) | 7,200 | 7,200 | 7,200 | 7,200 | 7,200 | ||
Share price / earnings (P / E2) | 7.3 | 9.3 | 10.9 | 14.4 | 15.2 |
* Proposal submitted to the General Meeting on 2 May 2023.
- See page 92, Comments on the Group financial statements.
- P/E: price-earnings ratio - multiplying the net profit of a company by the price-earnings ratio equals the current share price.
Snapshot
2022 Performance
Performance indicators prove strong
The Bank's economic performance in 2022 was excellent. Turnover growth reflects appropriate strategic positioning that harnesses the dynamism of buoyant economic sectors, while net profit is at a record level.
3
33.4
billion
in assets under management and administration
Changes in the balance sheet and major business areas
in CHF billion
35 | 34.1 | 33.4 | |||
30 | 30.4 | 31.8 | 30.0 | ||
28.3 | |||||
26.7 | 27.5 | ||||
25 | 24.9 | ||||
23.0 | |||||
20 | |||||
15 | 12.0 | 12.7 | 13.0 | ||
11.4 | 11.7 | ||||
10 | |||||
5 | 5.2 | 5.3 | 5.6 | 5.7 | 5.5 |
0 | |||||
2018 | 2019 | 2020 | 2021 | 2022 |
Balance sheet | Assets under management | Mortgage loans | Due from clients | ||||
and administration | |||||||
1,984
million
of shareholders' equity
Change in shareholders' equity1
in CHF million | in % | ||||||
2,000 | 1,984 | 26 | |||||
1,800 | 1,827 | 24 | |||||
1,716 | |||||||
1,600 | 22 | ||||||
1,400 | 1,319 | 20 | |||||
1,200 | 18 | ||||||
1,000 | 966 | 16.2 | 16.5 | 16.5 | 16 | ||
800 | 14.4 | 14 | |||||
705 | |||||||
12.7 | |||||||
600 | 12.0 | 12.0 | 12.0 | 12 | |||
11.2 | 10.8 | ||||||
400 | 9.6 | 9.6 | 10 | ||||
200 | 8 | ||||||
0 | 6 | ||||||
2005 | 2010 | 2015 | 2020 | 2021 | 2022 |
Shareholders' equity | Minimum | Equity coverage ratio | |||
(LH scale) | standard | (Equity divided by risk-weighted assets) | |||
(RH scale) | |||||
1 Minimum shareholders' equity pursuant to the Ordinance on Capital Adequacy (Art. 42 CAO of 1 June 2012 - as at 01.01.2023).
BCGE Annual Report 2022
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Disclaimer
BCGE - Banque Cantonale de Genève published this content on 01 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 May 2023 15:06:23 UTC.
