Valartis Group AG provided group earnings guidance for the first half of 2014. The group to expect a significantly lower group net result in comparison to the half-year results of 2013. This can mainly be attributed to markedly reduced net interest income in connection with the shortfall from the disposal at the end of 2013 of a part of the bond portfolio in order to reduce the risk profile, and as a result of the continuing low interest rate environment.

The divestment of Valartis Bank AG will be completed in the second half of 2014. In the current transformation phase, decisions will need to be made which may exert an additional influence on the 2014 half-year result. Commission income has remained stable at the same level as the previous year.