Annual Review 2008 - Hyposwiss Privatbank AG

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Personnel As at 1 January 2009, the following promotions were made at director level: Executive Director Daniel Schibli, Giuseppe Stella Director Philipp Ess, Oliver Lyhs, Roger Stalder, Barbara Voegeli, Anneliese Weber 24 Hyposwiss Annual Review 2008 We attach great importance to providing our employees with continuous education and advanced training. In the year under review, employees made frequent use of the various internal and external courses on offer. We would like to take this opportunity to thank all of our employees wholeheartedly for their commitment and hard work for the benefit of our customers. In particular, we would like to thank Theodor Horat, who managed the Bank as interim CEO until the end of August. Thanks to his broad experience, a thorough understanding of markets and customers and his strong leadership, he handed over the Bank to his successor in excellent condition on 1 September 2008. Zurich, 5 February 2009 For the Board of Directors: For the Executive Board: Roland Ledergerber, Chairman Siegfried R. Peyer, CEO
Income statement 2008 Income and expenses from ordinary banking business in 1 000 CHF 2008 2007 Interest and discount income 33 786 37 408 Interest and dividend income on financial investments 337 395 Interest expenditure -13 161 -13 500 Net interest income 20 962 24 303 Commission income from lending activities 318 365 Commission income from securities and investment activities 73 827 89 261 Commission income from other service fee activities 514 527 Commission expenses -4 180 -3 378 Net fee and commission income 70 479 86 775 Net trading income 8 146 9 181 Income from disposal of financial investments -29 50 Investment income 32 51 Other ordinary income 1 084 693 Other ordinary expenditure -7 -2 Net other ordinary income 1 080 792 Operating income 100 667 121 051 Personnel expenses 33 316 35 599 Other operating expenses 15 148 18 660 Administrative expenses 48 463 54 259 Gross profit 52 205 66 792 Profit for the year Gross profit 52 205 66 792 Depreciation on fixed assets -1 279 -1 464 Value adjustments, provisions and losses -7 679 -927 Operating profit (before extraordinary items and taxes) 43 246 64 401 Extraordinary income 843 4 400 thereof dissolution of reserves for general banking risks 0 3 320 Taxes -9 047 -14 078 Net profit for the year 35 043 54 723 Hyposwiss Annual Review 2008 25
Page 1 and 2: Annual Review 2008
Page 3 and 4: Annual Review 2008
Page 5: Contents Editorial Annual review Ba
Page 9 and 10: Editorial Dear Customers Ladies and
Page 11: Bank governing bodies Board of Dire
Page 15: Organisation as at 1 March 2009 * M
Page 19: Key figures 2008 Key figures 2008 i
Page 23 and 24: Finance section Overview The last f
Page 25 and 26: Liabilities Customer deposits grew
Page 27: Net interest income fell in the yea
Page 31: Liabilities in 1 000 CHF 2008 2007
Page 35 and 36: Appropriation of disposable profit
Page 37 and 38: Auditor’s report The following Au
Page 40: Hyposwiss Private Bank Ltd. Bahnhof

Annual Review 2008 - Hyposwiss Privatbank AG

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