Union Bancaire Privée, UBP SA (UBP) announced today net earnings of CHF 165 million, an increase of 8.6% compared to 2013. Assets under management have risen by 12.5%, reaching CHF 98.7 billion. UBP continues to maintain a highly stable and liquid balance sheet; with a Tier 1 ratio of 29%, it is one of the best-capitalised banks in Switzerland. The Bank continues to manage costs tightly, as reflected by its cost/income ratio of 67.1%.
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