2024 Results: Piguet Galland continues to grow despite a complex environment
Piguet Galland & Cie SA has published its annual results for 2024, confirming its growth momentum amid a complex economic and geopolitical environment. Despite the uncertainties that marked the past year, the Bank remained firmly committed to investing in its clients, its teams, and innovation.
Sustained growth in assets and operational strength
Geneva and Yverdon-les-Bains, 1 May 2025 – Piguet Galland & Cie SA today announced its results for the 2024 financial year. In an economic and geopolitical context marked by significant uncertainty, the Bank maintained robust commercial momentum and solid fundamentals, while continuing to invest for the future. Shareholders’ equity reached CHF 88.9 million (+3%), with a FINMA capital adequacy ratio of 16.1%, well above regulatory requirements.
Growth in Assets under Management driven by Net New Money Inflows
Assets under management reached CHF 8 billion at the end of 2024, representing a 15% increase over the previous year. This growth was fuelled by both favourable market effects and net new money of CHF 450 million, mainly originating from local clients in French-speaking Switzerland.
Rising Revenue despite Interest Rate decline
Total revenues amounted to CHF 73.3 million, up 3% compared to 2023. This growth was primarily due to a 12% increase in commission income and the positive performance of lending-related revenues, which offset the negative impact of declining interest rates on net interest income.
Net Profit affected by higher investment spending
In line with its strategic choices, the Bank continued to strengthen its teams (179 FTEs compared to 167 in 2023, an increase of 7%) and to develop its IT infrastructure. These efforts resulted in an 8% rise in operating expenses. Net profit stood at CHF 11.7 million, compared to CHF 13.8 million the previous year.
External recognition and 2025 Outlook
Piguet Galland continues to consolidate its position as a key player in French-speaking Switzerland. In February, the Bank received a WealthBriefing Swiss Award 2025 in the "HNW Team (Swiss Domestic Clients)" category, a distinction that underscores the relevance of its tailored approach and the trusted relationships it builds with clients.
Furthermore, in April 2025, the Bank signed a strategic partnership with Téléverbier, becoming the exclusive sponsor of the new Esserts–Savoleyres lift. Named the Piguet Galland Line, this installation reflects the shared values of excellence, innovation, and strong local roots, while contributing to more sustainable and accessible mountain mobility.
Remaining true to its proximity strategy and commitment to sustainable growth, the Bank will continue investing in innovation, digitalisation, and the development of its teams in 2025, with the aim of continually enhancing the client experience.
Financial Results
Discover our bank’s financial results and the key highlights that reflect our progress.
