End of the year 2017 consolidated net profit: CHF 220.4 million (+25% increase year on year)
Assets under management: CHF 125.3 billion (+5.9% increase year on year)
Union Bancaire Privée recorded a total operating income of CHF 1.04 billion compared with CHF 934.6 million over the same period in 2016. This was driven by a rise in fees and commissions, as well as a growth in advisory and discretionary mandates among private clients, according to the group.
UBP’s operating results rose to CHF 271.2 million compared with CHF 191.9 million in 2016. The group's assets under management or custody rose from CHF 118.3 million in 2016 to 125.3 million today.
Commenting on the bank’s performance, Guy de Picciotto, UBP’s CEO, said: ‘Although these results are, in part, due to positive economic conditions and buoyant markets, they above all reflect the efforts and investments we have made over the last few years, particularly in Asia.
'Our 2017 performance was achieved in the context of a favourable economic environment, but it was also supported by a Swiss banking industry that is in good health.’