Bank Frick further increased earnings from commission and service transactions as well as from trading activities in 2019. Interest income was slightly down on the previous year. An annual result of 3.7 million Swiss francs came in marginally above the budgeted profit.

“We are very pleased that the trend in operating results continued to rise in 2019,” comments Mario Frick, Chairman of the Board of Directors of Bank Frick, in a press release issued by Bank Frick to mark its year-end results for 2019. “We were able to once again increase net income both in terms of commission income and trading activities”.
In specific terms, earnings of 12.7 million Swiss francs were generated from commission and service transactions in comparison with a total of 12.1 million Swiss francs in 2018. Trading activities increased by 1.0 million Swiss francs to 4.7 million Swiss francs during 2019. Earnings of 18.9 million Swiss francs in the interest business fell short of the value of 20.6 million Swiss francs recorded here in the previous year, although the 2018 result was shaped by one-off effects.
Edi Wögerer, CEO of Bank Frick, announced in the press release that he was “very pleased” with regard to the trend in gross income from commission and service transactions, which was generated across all business areas and ultimately exceeded interest income for the first time in the history of Bank Frick. Assets under management at Bank Frick rose by 75.5 million Swiss francs to a total of 2.733 billion Swiss francs in the period from December 31, 2018 through to year-end 2019.

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