US meteorologists see a probability above 90% that the current El Niño becomes very strong, and 69% that it becomes historic. These events bring extreme weather across the globe, potentially disrupting a range of agricultural and industrial commodities and feeding through to inflation.
The risk could be compounded by the collapse in transits through the Strait of Hormuz, which is already disrupting critical production inputs. In such an environment, we believe enhancing portfolio diversification is key, particularly through alternative investments.
In a year marked by heightened volatility, geopolitical uncertainty and shifting market conditions, the Bank maintained a prudent and disciplined approach, prioritising risk management, liquidity and the quality of our business.
While results moderated compared to the exceptional levels of 2024, they remain solid and reflect the resilience of our model and our long-term focus.
With more than six decades of experience navigating market cycles, we remain confident in our ability to adapt and continue serving our clients with stability and commitment.
We are pleased to announce the publication of our Outlook 2026 – Wealth Management brochure, offering a concise and forward-looking perspective on the key forces shaping global markets in the year ahead.
After a year marked by record-high markets, persistent geopolitical tensions and structural economic shifts, our experts analyse what lies ahead for macroeconomics, equities, fixed income, currencies and gold. From the growing concentration in equity markets and the continued rise of artificial intelligence, to diverging central bank policies and the role of gold as a strategic hedge, the Outlook 2026 highlights both risks and investment opportunities in an increasingly complex environment.
Combining independent views and disciplined analysis, this publication reflects BCP’s commitment to transparent, client-focused investment guidance.
October’s sharp liquidation event marked a turning point for crypto markets, with heightened volatility, tighter liquidity and delayed recovery despite a strong backdrop for risky assets.
Yet adoption continues to accelerate, with major global wealth managers and banks progressively opening access to crypto products.
Has Bitcoin lost the last battle of 2025, but not the war?
Banque de Commerce et de Placements SA (BCP) is pleased to announce that Moody’s Ratings has reaffirmed its Baa3/P-3 long-term and short-term deposit ratings, with a Positive Outlook.
The Action Summary Statement is available on Moody's website.
