{"id":8867,"date":"2020-08-19T09:28:23","date_gmt":"2020-08-19T09:28:23","guid":{"rendered":"https:\/\/www.banquecramer.ch\/the-norinvest-group-in-2019-copy\/"},"modified":"2022-04-12T18:13:25","modified_gmt":"2022-04-12T18:13:25","slug":"the-norinvest-group-during-the-first-half-of-2020","status":"publish","type":"post","link":"https:\/\/www.banquecramer.ch\/en\/the-norinvest-group-during-the-first-half-of-2020\/","title":{"rendered":"The Norinvest Group during the first half of 2020"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8867\" class=\"elementor elementor-8867\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-544492b4 elementor-section-height-min-height elementor-section-items-stretch elementor-section-boxed elementor-section-height-default\" data-id=\"544492b4\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-wider\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-23447a91\" data-id=\"23447a91\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1719101e elementor-widget elementor-widget-heading\" data-id=\"1719101e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Norinvest group during the first half of 2020<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6a9656ef\" data-id=\"6a9656ef\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6af9fe30 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6af9fe30\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-446d91ea\" data-id=\"446d91ea\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-27599745 elementor-widget elementor-widget-heading\" data-id=\"27599745\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Media release- 19 August 2020<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2ce2be03 elementor-widget elementor-widget-text-editor\" data-id=\"2ce2be03\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.15.0 - 20-08-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Norinvest Holding SA (NIH) still keeps its focus on managing its only participation, which is Banque Cramer &amp; Cie SA (BCC). The latter&#8217;s accounts thus represent the bulk of NIH Group&#8217;s results.<\/p><p>BCC carried on with its transformation process during the first half of 2020. The bank\u2019s objective is to refocus on the core Private Banking activities.<br \/>The Group&#8217;s consolidated equity decreased to KCHF 64\u2019485 on 30 June 2020 (KCHF 69\u2019450 as at 31 December 2019), mainly because of the large number of own shares purchased by the Group (which generated a corresponding decrease in equity).<\/p><p>The Group&#8217;s total consolidated income stood at KCHF 18\u2019592 during the first half of 2020 (KCHF 18\u2019433 during the first six months of 2019).<\/p><p>The Group&#8217;s consolidated net result is a profit of KCHF 292 as at 30 June 2020, which compares with a loss of KCHF 2\u2019809 for the first half of 2019. During the half year under review, the operating expenses could be reduced by KCHF 2\u2019735 compared with the first half of 2019.<\/p><p>The interim financial statements as at 30 June 2020 of Norinvest Group and Norinvest Holding SA are available online at <a href=\"https:\/\/www.norinvest.ch\/\">www.norinvest.ch.<\/a><\/p><p><strong>For further information, please contact:<\/strong><br \/>Michel Ehrenhold<br \/>Group General Secretary<br \/>Tel +41 (0)58 218 60 84 michel.ehrenhold@norinvest.ch<br \/>www.norinvest.ch<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-92e5330 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"92e5330\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm elementor-animation-float\" href=\"https:\/\/www.banquecramer.ch\/wp-content\/uploads\/2021\/12\/NIH-Press-release-19.08.2020-EN.pdf\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-text\">Download the  release<\/span>\n\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Norinvest group during the first half of 2020 Media release- 19 August 2020 Norinvest Holding SA (NIH) still keeps its focus on managing its only participation, which is Banque Cramer &amp; Cie SA (BCC). The latter&#8217;s accounts thus represent the bulk of NIH Group&#8217;s results. BCC carried on with its transformation process during the first [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6422,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","footnotes":""},"categories":[27,28],"tags":[49],"_links":{"self":[{"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/posts\/8867"}],"collection":[{"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/comments?post=8867"}],"version-history":[{"count":0,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/posts\/8867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/media\/6422"}],"wp:attachment":[{"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/media?parent=8867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/categories?post=8867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.banquecramer.ch\/en\/wp-json\/wp\/v2\/tags?post=8867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}