- Business
- Walliser Kantonalbank (BCVs), also known as Banque Cantonale du Valais, operates as a cantonal bank providing universal banking services to retail, private, and corporate clients primarily in the Canton of Valais, Switzerland. The bank offers a comprehensive range of products and services, including savings accounts and savings plus accounts; investment, senior, youth, and gift savings accounts; Euro, start, private, and club accounts; personal loans; energy transition mortgages; training, eco home, construction, and renovation loans; debit and credit cards; wealth management and payment services; investment products such as investment funds, step invest, step life, certificates, cash bonds, and investment calculators; investment services comprising administrative and consulting mandates; pension and insurance products; occupational pensions; and digital solutions encompassing e-banking, eBill, e-trade, QR-invoices, mobile banking, and payment services. It maintains an extensive network of 30 branches, 13 representative offices, 76 ATMs, 14 deposit machines, and 7 multifunction machines across regions including Haut-Valais, Sierre, Sion, Martigny, and Monthey.
Founded in 1916 and headquartered in Sion at Place des Cèdres 8, the bank serves as a key employer in the canton with approximately 536 staff and holds a market share of around 30% in Valais banking, contributing to local economic development through retail banking, wealth management for individuals and institutions, and business banking. Its shares have been listed on the SIX Swiss Exchange since May 2016 following a capital restructuring, with a balance sheet totaling CHF 20.9 billion as of year-end 2024.
In recent developments, Walliser Kantonalbank reported stable financial performance for 2024, with net profit slightly increasing to CHF 90.5 million from CHF 90.4 million in 2023, operational result at CHF 154.1 million, client loans rising 4.5% to CHF 15.5 billion, and total assets growing 3.7% to CHF 20.9 billion; the bank proposed a dividend increase to CHF 4.00 per share for approval at the April 2025 general meeting. For the half-year ended June 30, 2025, net income stood at CHF 60.96 million, with net interest income at CHF 97.96 million, reflecting ongoing investments in digitalization, sustainability, and client services amid a dynamic mortgage market. The bank continues to enhance its public accessibility initiatives, including the installation of 14 defibrillators at branches in partnership with association cœur wallis, and promotes tailored packages like Conto Pack for optimal financial management and renovation guides covering financing, subsidies, and taxation.