August 22, 2014 10:29 AM ET

Banks

Company Overview of Valiant Bank AG

Company Overview

Valiant Bank AG is a commercial bank which engages in retail and lending activities and offers a range of financial products to its customers. The company was founded in 1997 and based in Bern, Switzerland. Valiant Bank AG operates as a subsidiary of Valiant Holding AG.

Bundesplatz 4

Bern,  3001

Switzerland

Founded in 1997

Phone:

41 31 320 91 11

Fax:

41 31 320 91 12

Key Executives for Valiant Bank AG

Chief Executive Officer and Chief Executive Officer of Valiant Holding
Age: 52
President
Age: 70
Compensation as of Fiscal Year 2014.

Valiant Bank AG Key Developments

Valiant Bank AG Announces Earnings Results for the First Half of 2014

Valiant Bank AG announced earnings results for the first half of 2014. The company suffered a 35% year-on-year drop in first-half net profit to CHF 42.2 million due to one-off effects. The sharp decline was attributed to the strong comparison base from the first six months of 2013 when Valiant's result was boosted by a gain from the sale of RBA businesses. Adjusted for this effect, net profit fell 1%. Net interest income grew 1.2% to CHF 130.6 million despite cautious lending business.

Valiant Holding AG and Valiant Bank AG Appoints Markus Gygax as CEO, Effective November 2013

Valiant Holding AG said that Markus Gygax will become CEO of the company and unit Valiant Bank AG, effective at the end of November. Gygax is head of retail banking and a member of the executive board at Banque Cantonale Vaudoise, which said the same day that he will leave the bank Nov. 30. Gygax will replace Martin Gafner, who has acted as Valiant's interim CEO since the departure of Michael Hobmeier, effective April 30.

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