Navigation

Swissfirst boosts profits and stake

Swissfirst is taking a bigger stake in Bank Wegelin (Liechtenstein). Bank Wegelin

Swissfirst boosted first-half net profit 30 per cent at SFr27.7 million ($16.2 million) thanks to higher commission income and lower costs.

This content was published on August 2, 2001 - 10:12

"Based on what we know, very good results can be expected and Swissfirst's growth targets should be able to be attained," Swissfirst said in its outlook for the full year.

The Swiss financial services group said on Thursday it had also increased its stake in Bank Wengelin (Liechtenstein) by 27.5 per cent to 52.5 per cent by buying stock worth SFr13 million from St Gallen-based private bank Wegelin and Co and other shareholders.

swissinfo with agencies

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?