1. Newsroom
  2. UBP announces a net profit of CHF 115 million
Menu
Press Releases 19.07.2018

UBP announces a net profit of CHF 115 million

UBP announces a net profit of CHF 115 million

Net profit at the end of June 2018 rose to CHF 115.3 million, up 5.3% from CHF 109.5 million from the same period in 2017. The operating result of CHF 147.4 million, compared with CHF 133.9 million a year earlier, represents an increase of 10.1% (+ CHF 13.5 million). Assets under management reached CHF 128.4 billion thanks to net inflows of CHF 2.7 billion.


Strong growth in net new money

Net new money during the first half of 2018 amounted to CHF 2.7 billion, leading to total assets under management reaching CHF 128.4 billion at the end of June 2018, compared with CHF 125.3 billion at the end of December 2017. This was a result of inflows from both private and institutional clients, particularly in Asia and Europe.

Operating revenues grew by 6.0%, rising from CHF 509.6 million in the first half of 2017 to CHF 540.0 million at the end of June 2018. In a more volatile market environment, the decrease in brokerage fees, caused by fewer client transactions, was offset by a rise in management fees from assets managed in funds, as well as discretionary and advisory mandates, together now accounting for over 60% of assets under management.

Operating expenses of 341.0 million at the end of June 2018 were up slightly from CHF 323.7 million a year earlier. This increase was mainly the result of new hires in the first half of the year, as well as investments in IT and digital. The cost/income ratio of 63.1% continues to demonstrate that costs and margins are managed both efficiently and effectively.

The Tier 1 ratio, which rose to 28.2% at the end of June, remains well above the minimum requirements stipulated under Basel III and by the FINMA. The Bank’s solid financial base can also be seen in its excellent short-term liquidity ratio, which stands at 290.4%.

“These results reflect our teams’ dynamism and our ability to meet clients’ expectations in a more difficult market environment. We continue to invest in our priority markets, as well as expanding our offering of innovative solutions to private and institutional clients,”

explains Guy de Picciotto, UBP’s CEO.

Financial Results as at 30 June 2018

Download the Press Release in the following languages:

English
Français
Deutsch
Italiano
Español
Simplified Chinese
Traditional Chinese
Dutch
Russian
Arabic (coming soon)


Insight

Navigating wealth succession in Asian families

Wealth succession is complex, emotional and can be costly if not managed properly

Read more

Most read

Press Releases 18.07.2019

First half-year results 2019

Union Bancaire Privée announces a net profit of CHF 117.2 million for the first half of 2019 and a 6% increase in assets under management.

Press Releases 03.06.2019

UBP broadens private equity offering in partnership with Rothschild & Co

Union Bancaire Privée, UBP SA (“UBP”) announced today a partnership with independent family group Rothschild & Co, which offers solutions in global advisory, wealth & asset management, and merchant banking.

Press Releases 31.07.2019

UBP improves its rating UN PRI

Union Bancaire Privée (UBP) has improved its scores in the UN PRI 2019 Assessment Report, performing in line with or above its peers in each module assessed and achieving the highest rating of A+ in the Strategy & Governance* class.

Further reading

Press Releases 31.07.2019

UBP improves its rating UN PRI

Union Bancaire Privée (UBP) has improved its scores in the UN PRI 2019 Assessment Report, performing in line with or above its peers in each module assessed and achieving the highest rating of A+ in the Strategy & Governance* class.

Press Releases 25.07.2019

UBP launches its Multifunds Secular Trends strategy

Union Bancaire Privée (UBP) has announced today a new addition to its equity product range with the launch of a Multifunds Secular Trends strategy, an innovative investment solution that combines thematic investing with a long-term view.

Press Releases 18.07.2019

First half-year results 2019

Union Bancaire Privée announces a net profit of CHF 117.2 million for the first half of 2019 and a 6% increase in assets under management.