Operating income for the first three months of 2013 remained positive at CHF 0.2 million, against a profit of CHF 0.5 million at March 31, 2012, a slight decrease of CHF 0.3 million.
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Total revenues amounted to CHF 2.6 million against CHF 3.7 million for the first three months of 2012. This decrease is mainly due to the retention of markets for trading activities in the first quarter of 2013, down CHF 0.9 million performance. The result from commissions and services fell by CHF 0.1 million due to changes in customer assets occurred during the year 2012. The result of interest income is itself a slight decline.
The control of operating expenses, which rose from CHF 3.2 million to CHF 2.4 million, continues.
After taking into account depreciation, value adjustments, extraordinary and tax income, the Bank has a slightly positive net income of CHF 1,812 -. For the first three months of 2013, against a net profit of CHF 165 ‘108 31 March 2012.
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