UBP Net Profit Increases 21.6% from 2016
Net profit at the end of June 2017 was CHF 109.5 million, up 21.6% from CHF 89.9 million a year earlier. Assets under management totalled CHF 118.9 billion at the half-year.
“Assets under management totalled CHF 118.9 billion at the half-year.”
Operating revenues grew by 12.5% year on year, from CHF 452.9 million at mid-year 2016 to CHF 509.5 million at the end of June 2017. Operating expenses increased by 9.9% between June 2016 and June 2017, rising from CHF 294.5 million to CHF 323.7 million, due to the integration of Coutts in Asia which was finalised in April 2016.
News Source: UBP Press Release
About Union Bancaire Privee
Union Bancaire Privée (UBP) was founded in 1969 by Edgar de Picciotto, whose vision from the outset was to offer investors an astute and innovative wealth management service. The bank activity is focused on providing wealth management for both private and institutional clients. In the last five years, the Bank has acquired the Swiss subsidiary of the ABN AMRO group, the international private banking business of Lloyds, as well as Nexar Capital Group, a major player in the alternative investment space.
- Origin : Brussels, Belgium
- Assets : CHF 25.21 billion
- Revenue : CHF 750 million
- Employees : 1,300
Official Website: www.ubp.com
News & Media: Press Release