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Spar-und Leihkasse Bucheggberg to raise dividend for 2017


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Spar-und Leihkasse Bucheggberg to raise dividend for 2017

Spar-und Leihkasse Bucheggberg AG will propose a dividend of CHF75 per share for 2017 after booking an increase in net and operating profit for the full year.

The Swiss savings bank recorded a net profit of roughly CHF1.0 million in 2017, up from CHF953,000 booked in 2016. The increase was driven by strong fee and commission income, which surged by 30.5% year over year to about CHF873,000. Operating profit went up to CHF8.7 million in 2017 from CHF8.4 million a year earlier.

Spar-und Leihkasse Bucheggberg paid a dividend of CHF70 for 2016.