Annual Report 2012 the Added Value of Local Skills Is Key to Local Develop- Ment
Annual Report 2012 The added value of local skills is key to local develop- ment. The history of Swiss rack railways can be summa- rised in this one phrase, combining local skills in the railway industry, the region’s particular geography, and international success. It is precisely ideas cultivated and implemented locally that make Swiss peaks accessi- ble to tourists from every corner of the globe and spread this technology to remote countries. One common denominator is the hallmark of all the phases of this adventure, from the challenges faced by the pioneers to the first attempts at implementation, from the bold designs to the initiatives that define Switzerland’s tourism, culture, and history: the active and responsible participation of institutions, private en- terprise, and financial entities. An exemplary attitude still teaching us today that, in order to make progress, ideas must be sustained by the tenacity of those who generate them, by the consensus of institutions, and by those whose mission is economic support. This year Banca del Sempione wants to dedicate its an- nual report to the Swiss rack railway industry to cele- brate another example of Swiss success in the world and to recall men of genius, visionary entrepreneurs, and enlightened public servants who made it happen. These men understood local needs and found effective solu- tions, setting examples for the men and women at Banca del Sempione who in the same way have offered their customers solutions by listening and paying atten- tion to them for more than three generations. Banca del Sempione SA Annual Report Report on the fifty-second year of operations, presented to the General Meeting of Shareholders on 30 April 2013 Contents 6 Bank’s governing bodies 9 Chairman’s report 1.
[Show full text]