The retail bank forms the backbone of BCVs’ business operations. It manages banking relationships with individuals (physical persons). Thanks to the comprehensive combination of its physical (‘bricks and mortar’) presence and off-site channels, the retail bank can provide advice to and work with personal clients under the umbrella of BCVs’ local neighbourhood banking strategy.
The retail bank offers increasingly efficient services satisfying the different needs of its client-base: day-to-day money management, project financing, the aspiration to secure a financially sound future and the desire to make one’s money work and grow. To this end, the BCVs pursues a dynamic and innovative commercial policy based on the quality and performance of its products, simplification of procedures and the use of cutting-edge technologies combined with professional and personalised advice.
The property market
In 2017, BCVs once again posted growth in its volume of mortgage lending and client deposits. It has pursued a cautious approach, prioritising quality growth in its personal lending.
The Swiss financial authorities are paying close attention to how the property sector in Switzerland evolves with a view to countering any signs of overheating or a housing bubble. Against this backdrop, several regulatory measures have been implemented in the last few years. Under the aegis of the Swiss Bankers Association, minimum equity equating to 10% of the value of the property asset being mortgaged, not provided by 2nd-pillar pension assets, has been required for mortgage financing for main residences since 1 July 2012. Moreover, as of 1 September 2014, the deadline for amortising mortgage debt to two-thirds of the loan-to-value ratio of the property was shortened from 20 to 15 years, with amortisation having to be linear.
A bank for young people and students
BCVs is the leading banking partner throughout every stage of a person’s youth: it accompanies Valais young people from birth, through childhood, schooling and higher education to the beginning of their working life. The Bank offers banking services devised to make access to higher and tertiary education easier.
When it comes to university education, students from Valais have to look outside the canton. This results in a rise in the cost of their academic education, often requiring them to look around to raise outside financing. A virtually unique service in the banking world, BCVs’ study-loan product, Formation Plus®, provides students and vocational trainees with financial backing to enable them to attain their goals.
Young people and students can also take advantage of a range of attractive offers relating to cultural activities, sport and entertainment through the MyBCVs programme.