St Galler Kantonalbank (SGKB) announced record profits for 2023 in its annual results, which were published on Wednesday.
Profit increased to CHF 207.2 million, up 12.8% from CHF 183.8 million in the previous year.
The bank acquired CHF 4.2 billion (+7.8%) of net new money in 2023, bringing its total client assets to CHF 58.7 billion.