Message from the Chairmen

Transforming today to create value tomorrow

Banque Cantonale de Fribourg is steadily moving forward as a bank. This is encouraging news and, above all, a testament to our clear and coherent strategic approach.

We have continued to invest significantly in structural projects, and the drive towards digitalisation in particular – an essential catalyst for modernising our services and increasing the efficiency of our processes. Nearly thirty new people have joined our teams to support this transformation and strengthen our key capabilities. Renovation work has also continued at our branches, allowing us to consolidate our presence throughout the Canton and provide our clients with more modern, functional and welcoming premises.

These investments are fully aligned with our strategic priorities and serve a clear purpose, that of generating sustainable value for our clients. As part of the same dynamic, we have worked extensively to develop our product range, the first offshoots of which will be seen in 2026.

Interest rates in 2025 had a much less favourable impact on our financial performance. The reduction in the Swiss National Bank’s key rate led to a fall in the interest result in excess of CHF 40 million compared with the previous year. Yet this reversal needs to be seen in perspective, given that the exceptional results of the past two years were buoyed by a particularly advantageous interest rate environment. Despite this setback, a net profit of CHF 154 million in 2025 goes down as one of the Bank’s best three results on record.

This outcome demonstrates the robustness of our business model, the quality of our management and our ability to absorb external shocks without compromising our stability. The Bank remains on a solid footing with a good financial cushion, fully equipped to continue evolving.

2025 also saw large-scale projects managed in partnership with businesses across the Canton come to fruition, reinforcing our position as a leading economic player.

Lastly, the rating agencies have recognised our efforts in recent years in relation to ESG issues. We are quietly but systematically improving our practices, in line with our roadmap. Adopting the double materiality approach represents a milestone. It will allow us to assess our impacts more precisely – particularly those linked to our property portfolio – and embed sustainability even more into our strategic thinking.

Banque Cantonale de Fribourg is making consistent progress – true to its values, mindful of its heritage, and looking firmly to the future.

Alex Geissbühler
Chairman of the Board of Directors
Daniel Wenger
Chairman of the Executive Board