Annual results 2014 - UBP increases its net earnings by nearly 9%

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%.