TradeXBank News

After a successful relaunch of the Bank’s business in H1 2023, the Bank remains committed to its strategy of re-establishing a significant presence in the Commodity Trade Finance market. Our primary focus is serving mid-market Commodity Traders both in Switzerland and internationally. We are pleased to report further progress made in Q3 2023 closing with a Net Income of CHF 4.7m in Q3, thus bringing results for 9 months to CHF 5.3m. This growth is attributed to the enhanced profitability of our portfolio and the successful divestment of a minor financial investment. The Bank's capital has now reached CHF 508.5m, strengthening our already healthy capital base and liquidity. With CHF 295.1m in liquid assets, our liquidity position remains exceptionally strong and will be diligently applied to support the expansion of our Commodity Trade Finance portfolio.

Following a very challenging year for the Bank, marked by a change in ownership, we are pleased to report that the Bank has successfully managed the restart of the business in the Commodity Trade Finance (CTF). 

The Board of Directors of TradeXBank has appointed Camille Sednaoui as new Chief Executive Officer to support the firm’s growth ambitions.

TradeXBank AG announces that it has appointed Viviane Gabard as new Chief Risk Officer. Viviane Gabard will be joining the Executive Board (upon the conclusion of the necessary regulatory approval). She will be responsible to lead the risk and credit management function into the next growth phase of the bank.