News & Events Archive

REDOG, Fondazione ASPI (Help, Support and Protection of children) and Action Swiss. These are the 3 associations most voted by customers who opened a Green account at Banca del Sempione SA in 2022.
A project, the Green accounts one, which combines sustainable management of assets with the generation of a tangible and positive impact on the Ticino area. In practice, the Bank has donated in equal parts part of the revenues generated by the management of the Green accounts to the 3 associations listed above.
With the awareness of having an important role and responsability locally, the Bank is proud to confirm that it will continue in the coming years with this project.

We are pleased to inform you that the Shareholders' Meeting of Banca del Sempione SA today approved the results for the 2022 financial year for the parent company and the Group consolidated financial statements.

The digital version of the financial statements is available clicking HERE. 

Flexible Low Risk Exposure, a sub-fund of Base Investments Sicav, promoted and managed by Banca del Sempione SA, was awarded Refinitiv Lipper Fund Award in Switzerland, ranking as the best fund in the Mixed Asset EUR – Global category over a ten-year period and Premio Alto Rendimento promoted by the 24 ORE Group as the best fund in the Mixed Bond category.

The awards received confirm the quality of Banca del Sempione SA's management models and represent a point of honour for our institution and for the Ticino financial centre.

Hereafter the words of the Deputy General Manager of Banca del Sempione and Head of the Financial Area, Pietro Scibona:

”The main objective of Banca del Sempione SA is to provide its customers with a high quality service that can last over time. We are therefore very proud of the recent awards obtained, which push us to continue working with commitment and dedication in this direction.

We wish to thank all those who have contributed to this important result, in particular the investment manager, Giorgio Bertoli, for the brilliant results obtained during all these years.”

For further information about the Flexible Low Risk Exposure please click HERE.

Finishing at the 6th place in the 39th edition of Primo Cup, one of the most important one-design regattas in the Mediterranean, Junda is the winner of the Monaco Sport Winter Series 2022/2023 and the 2023 Monaco Champion.

It wasn't an easy victory for the team, who had to fight harder after the three penalties suffered during the first races, but Ludovico Fassitelli and his team didn't give up and returned to the water determined to redeem themselves.

Junda ends in the best possible way a spectacular season, who was a great protagonist in the Italian series, took the third place Corinthian at the European Championship and the second place One Pro at World Championship.

Congratulations to all Junda team for this great victory and for an unforgettable season!

We are pleased to announce that Flexible Low Risk Exposure a sub-fund of Base Investments Sicav, promoted and managed by Banca del Sempione SA, has won the Refinitiv Lipper Fund Award as the best sub-fund in the Mixed Asset EUR - Global category over a period of ten years.

The achievement of this prestigious award confirms the quality of our management models and represents a point of honor for our Institute and for the Ticino financial centre.

Our main goal has always been to provide our customers with a high quality service that can last over time and this recognition drives us to continue working with commitment and dedication in this direction.

We thank all those who have contributed to this important result, in particular the investment manager of the sub-fund, Giorgio Bertoli, for the brilliant results obtained over the long term.

You may obatin further information regarding Flexible Low Risk Exposure clicking HERE.

Water is an invaulable asset that must be preserved at all costs. Not only as consumers, but also as investors, it is possible to support precisely those companies playing a fundamental role in this field. For this reason, Banca del Sempione has launched the Water Economy thematic certificate:

• Presentation – Water Economy (English)

• Presentation – Water Economy (Italian)

If you would like to find out more, come and visit us in our offices in Lugano, Bellinzona, Chiasso and Locarno or call us on +41 (0)91 910 71 38; a banker will be at your disposal!

2022 will be remembered as a particularly complicated year for the financial markets.

Traditional balanced portfolios have seen their worst year ever, as a result of the simultaneous sell-off in stocks and bonds, the main source of diversification in the last 2 decades.

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On December the 21s,t the traditional Yacht Club Monaco Awards ceremony was held.
In the presence of the YCM President, S.A.S. Prince Albert II, the most successful Monaco
sailors of the year have been awarded.
Ludovico Fassitelli, owner-helmsman of Junda, was awarded as the best YCM representative in
the J70 class, thanks to his successes in the 2022 season.

The macroeconomic scenario is dominated by inflation and the resulting interest rate dynamics implemented by central banks. In the US, the price index halted its rise due to a drop in fuel prices, but the “core” component started to rise again, driven by the cost of services. Central banks remain in tightening mode, and the likelihood of triggering a recession has increased. The geopolitical front remains turbulent, with the war in Ukraine and the sharp reduction in gas supplies adversely affecting economic performance, especially in Europe, as skirmishes between the United States and China continue around Taiwan.

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The focus of the market has changed from fear of inflation to anticipating a recession that we may already be in. As a result, the sharp rise in rates stopped, and the US 10Y government bond yield fell back from a peak of 3.5% to just under 3%. This movement has stabilized the stock market, albeit in a context that remains more volatile than in previous years.

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In the last month of this quarter, the Russian invasion of Ukraine dominated the newsflow, causing an across-the-board sell-off that led global stock markets to record new lows for the year (-13%). At the same time, traditional safe haven assets such as government bonds and gold have been bought (gold over $2,000/ounce and German Bund back into negative territory). Interest rates, by contrast, have risen sharply again, leading the global bond index to record its worst start since 1980 (-5.2% for the first quarter).

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With effect from 1 March 2022, the Board of Directors of Banca del Sempione SA has approved the following promotions:

Mr. Luciano Soldati to the status of Manager, Mr. Nicola Bianchi to the status of Joint Manager, Mr. Alessandro Brunetti to the status of Assistant Manager and Mr. Simone Malnati to the status of Senior Officer.

Ms. Fabienne Rudaz and Mr. Nico Marchi have both been promoted to the status of Authorised Officer.

Congratulations to our colleagues!

2021 ended with fireworks for global stock prices: as a matter of fact, the last quarter of the year saw the MSCI World Index further accelerate its performance by 7.8%. But this apparent euphoria concealed a huge dispersion among companies’ returns, so only a little over half of global equity securities enjoyed strong gains. Indeed, high return dispersion, combined with index concentration in few dominant stocks, sets off warning bells for the coming year, not least because multiples remain high and monetary policies will become increasingly restrictive, especially in the US.

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Our best research available through simple tracker certificates created by Banca del Sempione! Choose the theme you prefer and ride it through a well-diversified basket of stocks resulting from a solid financial analysis together with a thorough sustainability one.

Presentation - Electric & Hydrogen

Presentation - Healthy Life

Presentation - Next Generation ESG Leaders

Presentation - Virtual Life

If you want to know more, come and visit us in our offices in Lugano, Bellinzona, Chiasso and Locarno or call us at +41 (0)91 910 71 38; an advisor will be at your disposal!

In compliance with the federal law on gender equality and within the framework of the new legislative framework conditions, a salary analysis has been carried out by external experts.

In this regard, we have obtained the official certification that our Bank respects the wage equality between men and women. The correct execution of this analysis was subsequently verified by an external and independent auditing firm.

At the beginning of the last quarter of the year, markets are holding steady with equities, government bonds and credit close to their all-time highs. But there are a number of signals that seem to be encouraging caution: central banks’ expansionary policies having reached their peak, bottlenecks in production chains, and, lastly, a sudden rise in rates, particularly short-term ones.

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The Federal Reserve’s monetary policy moves were the main driver of financial markets in the second quarter of the year. In this respect, the Federal Open Market Committee (FOMC), gathered in June, surprised investors. The most important news is the interest rate rise forecast, with dot plots showing two interest rate hikes already in 2023. In addition to that, economic projections for 2021, together with rising inflation, were improved.

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The prospects for continued economic re-opening this year appear more promising compared to the difficult re-start we experienced in the first half of 2020.
Re-openings, stock-market rotation, and inflation were the main themes in this past first quarter of the year. If equities had an excellent quarter, the same cannot be said of bonds with the US 10Y Treasury yield rising from just below 1% to 1.74% at the end of the period.
Rising rates – mainly due to improved growth prospects – and the resulting inflationary fears led to a rotation toward value instead of growth stocks.

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Banca del Sempione App is now available and may be easily downloaded from both Apple (Apple Store) and Android (Play Store) devices.

With a simple and immediate layout, you can safely manage your accounts through the Client Area. Today, even invoices with QR codes may be scanned directly through Banca del Sempione App, therefore speeding up the whole data entry process.

The App doesn't stop there! Inside, you will also find a convenient and innovative tool in order to find the closest ATMs wherever you are. You can always be updated on the Bank's news by visiting the relevant section or find all the information on our sub-funds clicking the SICAV menu.

With Banca del Sempione App our services are even closer to you, practical and at hand.

Although one of the most difficult years of the modern era has just gone by, the market seems to show some basic stability, especially as a result of the marginally positive effects on some of the uncertainties that appeared earlier: the effectiveness of vaccines, Biden’s victory in the US election and its positive consequences, the Brexit negotiations, which – despite leaving important issues open yet – have prevented a disastrous blockade of trade and people, the important fiscal stimulus in the US, and the expectation that major central banks will continue their expansionary monetary policies. However, the current health situation, due to the increase in Covid-19 infections and the fear of a third wave, is weighing on the economy, with the consequent succession of continuous stop-and-go for production, trade and services resulting from targeted lockdowns. Economic indicators, on the other hand, show significant geographical discrepancies, with a weakening of economic recovery for certain countries and a strong rebound for others.

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From today you can invest differently!

Our GREEN ACCOUNT is now available! Your financial investments are important, manage them: simply, smartly and in a sustainable way while generating a positive impact on our society. Special solutions and conditions for Young, Families and Senior.

Learn more by downloading our digital brochure or send us an e-mail at

greendivision@bancasempione.ch

Invest better to live better!

The market seems to indicate some resilience in spite of several impending uncertainties on the horizon: first and foremost, the surge in COVID-19 infections, as well as the upcoming US presidential elections and the lack of progress in the Brexit negotiations in Europe as well as in those on fiscal stimulus in the United States. Economic indicators are showing a slowdown in economic recovery, physiologically declining after a strong post-lockdown rebound.

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We have created a basket composed of 40 securities with the goal to generate value by investing transversally in the electric & hydrogen value chain.

Banca del Sempione has issued a certificate together with Exane Derivatives that is already available in the market.

Find out more by downloading the presentation or come and visit us in our offices in Lugano, Bellinzona, Chiasso and Locarno or call us at +41 (0)91 910 71 38; an advisor will be at your disposal!

The macro scenario appears slightly better than expected, with the macroeconomic surprise index at its all-time highs in the US. In many cases, indicators are distorted by a situation never occurred before, with completely blind forecasts made by analysts. The VIX index itself (rather high considering the levels reached by equities) is still generating some nervousness among traders.

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The pandemic caused by the new coronavirus infection, at first broken out in China and then spread everywhere on a global scale, has heavily impacted our lives as well as financial markets. Even though it looks impossible right now to fully assess its consequences, our feeling is that this crisis will significantly and permanently change a number of aspects in the economic-financial field, including, first and foremost, the fiscal and monetary policies implemented by the major developed countries.

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Dear Customers,

We would like to share with you all relevant updates regarding the current situation and the measures adopted by Banca del Sempione to safeguard everyone's health and to support our community.

Banca del Sempione adheres to the procedure of granting credits guaranteed by the Confederation to meet the contingent economic and financial needs of companies linked to the COVID-19 emergency.

We are creating the Green Division, Banca del Sempione new project. We would strongly want to give a concrete evidence of our commitment to protecting and respecting environment and society, helping to create the better world for new generations and at the same time carrying out our work in an increasingly sustainable way.

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The year 2020 opens with high equity prices albeit based on little or zero earnings growth recorded in 2019. In this respect, a rebound in earnings growth in 2020 would lead to a rise in stock prices associated with a contraction in valuation multiples.

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The third quarter was marked by central banks’ rather significant interventions in terms of monetary policy.

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Remarkable overall seventh place taken by Junda-Banca del Sempione in the J70 world championships scheduled in Torbay (UK).

The threat of expanding US trade wars has been undermining the climate of trust. In addition, the slowdown recorded in the second quarter, following a first quarter that had been favoured by temporary factors, has been generating concerns about European economic prospects. Although the bond markets may appear to be overly pessimistic on the outlook, central banks are in any case getting ready to respond to possible unexpected negative developments.

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We are pleased to inform you that the Shareholders' Meeting of Banca del Sempione SA today approved the results for the 2018 financial year for the parent company and the Group consolidated financial statements.

The digital version of the financial statements is available in the Publications section of this website.

From panic at the end of 2018 to euphoria at the beginning of 2019? Not exactly. Although the share indices (with some rare exceptions) have returned to the levels of the end of September, it is difficult to be totally positive. Most investors have profited from the increase to lighten share exposure, and the climate is generally cautious for the remainder of 2019. Causing major concerns is the current economic slowdown, especially in Europe, where using taxation to support the economy is proving more difficult.

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Junda-Banca del Sempione finishes first in the 35th Primo Cup organised by the Yacht Club de Monaco, the fourth test in the J/70 Monaco Sportsboat Winter Series.

The 35th Primo Cup, organised by the Yacht Club de Monaco, concluded with a stunning performance by Junda-Banca del Sempione.

Act III of the J70 Monaco Winter Series ended on 20 January 2019.

In the seven regattas which took place from Friday 18 to Sunday 20 January, Junda-Banca del Sempione confirmed itself as a great protagonist, despite the absence on board of strategist Enrico Fonda, struck down by severe flu and replaced by Giorgio Tortarolo in the nick of time.

The year 2018 ended in the wake of the worst December in decades. The difficulty of investing in a zero or negative risk-free environment undoubtedly played an important role: over the course of the year, many investors were drawn towards asset classes that were riskier than what is tolerated on average. The two stock market shocks (February and October) have inevitably left a permanent scar on portfolios, a situation that
worsened with the panic triggered at the end of December, largely due to a less accommodating Fed than expected and at the mercy of trade skirmishes between the USA and China…

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The second act of the Winter Series took place in Monaco from 7 to 9 December.
Junda-Banca del Sempione, which had already won ACT 1, confirmed its leading role in ACT 2 by finishing third. What is more, it could easily have been another victory if it hadn’t been for a problem that couldn’t be resolved in the water, affecting its performance in the third and fourth regatta.

The season started off in the best possible way for Junda-Banca del Sempione competing in the J70 class.
At the first meeting of the Monaco Yacht Club Winter Series, in which 28 boats coming from 13 nations participated, Junda - Banca del Sempione gained a remarkable victory.

The third quarter showed an increasingly polarised scenario. On one hand, we had an excessive robust US economy that shows signs of overheating that could lead the FED to consider possible hikes above the natural rate (estimated at around 3%). On the other hand, we had the rest of the world, plagued by constant dilemmas: the European Union, which has to deal with the Italian insubordination and the still unresolved Brexit issue. The emerging markets have seen the succession of the Turkish Lira and Argentinian Peso crisis, as well as the turbulent Brazilian elections (including the attack on candidate Bolsonaro)…

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While the eyes of investors were focused on the tariff conflicts across the ocean, the Italian government was formed in the last quarter, with the unprecedented Lega-5 Stelle coalition highlighting the fragility of European cohesion, struggling to go beyond a merely monetary union. Investor scepticism on the economic policies of the new government is once again fuelled by the Btp-Bund spread. However, the key developments of the economic policies are expected by autumn, when the financial budget will have to be approved…

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Annual report 2017

Banca del Sempione SA’s general meeting of shareholders held on 26 April 2018 approved the Parent company’s and the Group’s accounts for the year 2017. The results showed significant growth in all business areas and consolidated earnings up by 13.6% to CHF 8.008 million.

After a very strong start in January, the markets clashed with inflationary fears that caused a sharp and rapid adjustment in prices in early February, giving way to termination of the excessive number of “short volatility” strategies that had accumulated and which in 2017 brought the VIX index to historic lows…

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Il Sole 24 Ore High Yield Award 2017 ("Premio Alto Rendimento”):


- Bonds Value Sub-Fund

- Flexible Low Risk Exposure Sub-Fund

Thomson Reuters Lipper Fund Award 2018:


- Bonds Value Sub-Fund

The year 2017 ended with upbeat stock markets. New record highs were recorded in the USA several times during
the course of the year, and things went particularly well on this side of the Atlantic as well. In fact, we finally
saw a joint acceleration of the various Eurozone economies, in addition to the emerging ones. For the first time
since 2008, we can finally say that we are undergoing a period of synchronised global growth.

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The Automatic Exchange of Information on tax matters (AEOI) is a new international standard, aimed at achieving transparency with regards to assets held abroad and preventing cross-border tax evasion. To date, over one hundred States, including Switzerland, have adopted this standard.

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Giuliano Flematti, investment manager of Base Investments SICAV’s Bonds Value Sub-Fund, has achieved the Citywire AA rating, in addition to the Morningstar five stars, showing his management skills once more.

After an underwhelming start of the year, macroeconomic indicators showed a significant acceleration in growth rates in the third quarter. Growth in the Eurozone have reached around 2.3%, among the highest levels of the last few years. Signs of recovery and upward revision have also been observed in Italy, the country which - among the European economies - has until now particularly struggled to grow.
While the economic scenario has been rife with positive signs, the political and diplomatic one has been plagued by a series of events that in a weaker economic scenario would have had heavy repercussions on the financial markets.
The geopolitical tensions in North Korea, with a number of missile launches over the northern part of Japan, had only a limited and temporary impact on the financial markets. The same goes for the latest rejection of the health reforms by the US Parliament…

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To find out more, please take a look at the interview with the Chiasso, Bellinzona, and Locarno branch managers published in the September/November edition of Ticino Welcome.

Macroeconomic indicators in the second quarter of 2017 recorded a minor slowdown compared to the first quarter. The Purchasing Managers Index (PMI) and above all the indexes that measure economic surprises were revised down from very high levels, but they continued to indicate a positive phase of the economic cycle. At the end of the half-year, the FED made an additional upward adjustment to the rates on FED funds (to 1.25%), while the ECB maintained cautious wording in regard to the end of the QE. We believe the ECB should begin to prepare the market for a normalisation of monetary policy, which will be slow and cautious, but in our opinion unavoidable in the current scenario of recovery of European economic growth…

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The Ticino banking group has overhauled its corporate identity and chosen as its institutional logo “man and the mountain”.

Annual report 2016

On 27 April 2017, the shareholders general meeting of Simplon Bank Ltd approved the 2016 results and expressed its satisfaction at the outcome.

The year 2017 started off on an optimistic note, with share prices continuing along their path of recovery that began after the US presidential elections. Simultaneously and for the first time in a number of quarters, the economic indicators are also synchronised, in line with economic growth in Europe and the USA, as well as in the emerging markets, where China is less worrisome than one year ago…

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For the second year in a row, the Bonds Value fund of Base Investments Sicav won the 2016  “Alto Rendimento” Prize awarded by the Sole 24 Ore, having been classed as the best bond fund in the Euro-diversified category.

The fourth quarter of the past year was undoubtedly dominated by the U.S. elections. The approach to the electoral event was very cautious on the markets, and at the dawn of the initial exit polls, everything appeared to take a turn for the worse. However, as in the case of Brexit, the equity markets reacted posi-tively in this case as well, as they did one month later, with a positive reaction to the outcome of the Italian referendum, which had been so feared up until the night before. Given the performance of the year just ended, we can easily assume that investors were most likely taken by surprise on excessively prudent positions in their portfolios, later having to suffer through the market fluctuations…

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