Home » Economy » The Central Letters of Guarantee continued to grow in the first half

The Central Letters of Guarantee continued to grow in the first half

Total borrowings increased by CHF 3.1 billion to a peak of CHF 73.3 billion.

The Bond Office of the Swiss Cantonal Banks continued to grow in the first half. It issued a total of 5.5 billion francs in loans. At the same time, it repaid 2.5 billion maturing.

Total borrowings increased by 3.1 billion and reached a peak of 73.3 billion francs, the central said on Tuesday evening. Since the end of 2021, the increase has been 4.4%.

During the period under review, the profit of the plant fell to 7.6 million francs following 8.1 million the previous year at the same time. As a reminder, the central, common to the 24 cantonal banks, does not aim to make profits.

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