Swiss regional bank Bank Zimmerberg reported a first-half 2026 net profit of 1.72 million Swiss francs, a 4% increase from the same period a year earlier, as cost reductions offset pressure in its core lending business.
The bank’s net interest income fell 4.5% year-over-year to 7.0 million francs, reflecting the continued impact of Switzerland’s low-rate environment and a 0.8% decline in mortgage lending to 1.36 billion francs. The bank attributed the drop in mortgage volumes to customer property sales in the construction sector, which reduced its balance sheet by 0.3% to 1.594 billion francs.
Commission and service income rose 9.3% to 2.32 million francs, driven by growth in securities and asset management. Client deposits under management increased by 46.6 million francs, or 6.5%, to 769.1 million francs since December 2025, supported by new inflows and positive market performance.
Operating expenses declined by 240,000 francs year-over-year, with cuts in both personnel and administrative costs. The bank’s CEO, Oliver Jaussi, noted that the first-half result exceeded expectations and the budget, citing resilience in a low-rate and volatile market environment.
Looking ahead, Bank Zimmerberg maintained a cautious stance on the second half of 2026, citing geopolitical risks and interest-rate uncertainty. Jaussi expressed confidence in the bank’s diversified model, staff engagement, and loyal customer base, projecting full-year earnings growth compared with 2025.
