Net profit of Swiss SZKB grows 4% Y/Y in 2010.(Financial report)

(ADPnews) - Jan 28, 2011 - Swiss cantonal bank Schwyzer Kantonalbank (SZKB) reported yesterday a net profit of CHF 77.9 million (USD 82m/EUR 60m) for 2010, up by 4% on an annual basis.

The bank will keep CHF 38.5 million for its own reserves compared with CHF 37 million retained in 2009. The same amount of CHF 38.5 million will be allocated to the state.

Gross profit inched up to CHF 130.5 million in 2010 from CHF 130.1 million 2009.

Despite higher business volume, interest income sank by 5% to CHF 169.5 million pushed down by …