Union Bancaire Privee Announces First half-year results 2021
PR90722
HONG KONG, July 19, 2021 /PRNewswire=KYODO JBN/ --
Union Bancaire Privee's assets under management rise by close to 10% to CHF
161.1 billion
-Assets under management grew by CHF 13.7 billion to CHF 161.1 billion at the
end of June 2021 (+9.3% vs December 2020)
-Revenues remained stable (+0.9%) despite a drop in net interest margins of
more than 22% during the first six months
-Net profits amounted to CHF 100.2 million compared with the previous year's
figure of CHF 107.6 million
Steady trading activity and inflows from private clients
UBP's assets under management reached CHF 161.1 billion at the end of June
2021, a rise of 9.3% from December 2020. This increase, driven mainly by net
inflows from private clients (CHF 2.0 billion) and favourable market
conditions, was also boosted by a solid asset management performance for our
funds and mandates.
Revenues were stable at CHF 562.1 million (+0.9%) in the first half of 2021, up
slightly from CHF 557.0 million a year earlier. This was achieved despite the
deterioration in net interest margins (CHF -29.1 million) which was offset by a
rise in income from fees and commissions as a result of high levels of client
trading activity and steady inflows into our mandates.
Operating expenses increased slightly, from CHF 360.9 million at the end of
June 2020 to CHF 372.7 million at the end of June 2021 (+3.3%) following the
investments made in our front office and investment teams over the period. Net
profits amounted to CHF 100.2 million, compared with the previous year's figure
of CHF 107.6 million (-6.8%).
The Tier 1 ratio of 25.3% at the end of June 2021 reflects the quality of the
Bank's balance sheet and its ability to continue its development both in
Switzerland and abroad.
"The stability of our income base and the ongoing growth in assets under
management reflects a good balance across our revenue streams and, more
importantly, our ability to offer our clients sustainable returns in all market
conditions. As well as recently announced acquisitions, we have also made
senior team hires, continuously strengthening our investment expertise and
fuelling our growth strategy in key markets," said UBP's CEO, Guy de Picciotto.
Full financial results
Here(https://mma.prnewswire.com/media/1576395/20210630_Financial_results_EN.pdf)
For any further information, please contact
Bernard Schuster
Group Head of Communications (Spokesman)
Tel.: +41-58-819-24-70, E-mail: bernard.schuster@ubp.ch
Maude Hug
Head of Media Relations
Tel.: +41-58-819-75-27, E-mail: maude.hug@ubp.ch
About Union Bancaire Privee (UBP) – www.ubp.com
UBP is one of Switzerland's leading private banks, and is amongst the
best-capitalised, with a Tier 1 ratio of 25.3%. The Bank is specialised in the
field of wealth management for both private and institutional clients. It is
based in Geneva, employs 1,808 people in over twenty locations worldwide, and
holds CHF 161.1 billion in assets under management (all figures as at 30 June
2021).
SOURCE: Union Bancaire Privee, UBP
本プレスリリースは発表元が入力した原稿をそのまま掲載しております。また、プレスリリースへのお問い合わせは発表元に直接お願いいたします。
このプレスリリースには、報道機関向けの情報があります。
プレス会員登録を行うと、広報担当者の連絡先や、イベント・記者会見の情報など、報道機関だけに公開する情報が閲覧できるようになります。