PostFinance reported a 6% decline in net profit to 103 million Swiss francs for the first half of 2026, despite a 3.7 billion franc increase in customer assets to 117.5 billion francs.
Operating performance, measured by business success, fell 16% to 113 million francs, while total revenue declined 6% to 613 million francs. Net interest income, the bank’s primary revenue source, dropped 12% to 285 million francs, though PostFinance noted this was partly due to a 37 million franc one-off gain in the prior-year period from accounting changes. Adjusting for this effect, net interest income rose slightly despite the prevailing zero-interest environment.
Revenue from fee-based and commission-based services increased, driven by asset management, electronic trading, and higher usage of PostFinance debit cards. The bank highlighted progress in diversifying its revenue streams.
Cost reductions also supported results, with operating expenses falling 11 million francs to 477 million francs. An 85 million franc gain from the sale of PostFinance’s remaining 1.5% stake in Swissquote further bolstered earnings. The bank had initially acquired the stake in 2014 as part of a strategic partnership to integrate Swissquote’s trading platform for PostFinance’s electronic trading services, a role it continues to fulfill.
Customer assets grew by 3.7 billion francs since year-end 2025, with non-interest-bearing investment products rising by 2.1 billion francs to 25.3 billion francs, accounting for 21.5% of total customer assets.
