Union Bancaire Privée's client assets rose by more than 11% to CHF 171.7 billion in the first half of 2025

  • UBP's client assets amounted toCHF 171.7 billionat the end ofJune 2025, an increase ofCHF 17.3 billionor 11.2% compared with the end ofDecember 2024.
  • The Bank'stotal incomerose by 9.7% compared to the first half of 2024.
  • Group profitin the six months to end ofJune 2025wasCHF 120.7 million.

GENEVA,July 17, 2025/PRNewswire/ -- UBP's client assets totalledCHF 171.7 billionat end ofJune 2025, compared toCHF 154.4 billionat the end of 2024, representing an increase of 11.2% orCHF 17.3 billion. This growth was driven mainly by the integrations of Societe Generale Private Banking (Suisse) SA and SG Kleinwort Hambros in the first half of 2025. In addition,CHF 4.7 billionof this increase was due to the performance of assets and funds in a positive market environment. These factors offset negative currency effects, mainly caused by the US dollar's rapid decline against the Swiss franc, which had aCHF 13.2 billionnegative impact onclient assets. In USD terms, client assets rose by 26.6% toUSD 215.7 billion, up fromUSD 170.4 billionat the end of 2024.

Total incomeamounted to CHF 736.0 million in the first half of 2025, an increase of 9.7% compared with the same period in the prior year (CHF 670.6 million). This solid momentum was driven by the increase in client assets following recent acquisitions, leading to a 9.1% increase innet result from interest operations(CHF 265.2 million).Fees and commissionsrose by 9.2% toCHF 404.2 million, reflecting high levels of transactions among private clients.

Total operating expensesrose by 16.0%, mainly because of non-recurring expenses related to the two acquisitions inSwitzerlandand theUnited Kingdom.Personnel expenseswere up 13.1%, due to the recruitment of new relationship managers inAsiain late 2024, efforts to strengthen teams in the Compliance and Risk Management departments, and the effect of the ongoing integrations. This demonstrates the Group's commitment to continuing its international development while adhering to the strictest global compliance and regulatory standards.

In the first half of 2025,Group profitwas CHF 120.7 million compared toCHF 138.1 millionin the period the year earlier.Total equityremained stable atCHF 2,768.6 million. Theliquidity coverage ratio (LCR)was 294.6% and theTier 1 capital ratiowas 21.3%, both remaining well in excess of regulatory requirements. These indicators demonstrate the Bank's ability to maintain a high level of equity and a robust balance sheet after two major transactions.

"In the first-half period, we completed the acquisition of Societe Generale's private banking activities inSwitzerlandand theUnited Kingdom, and the positive effects will materialise after the two entities have been fully integrated. Those transactions form part of our Group's growth strategy, aimed at expanding the products and services we offer to private and institutional clients, whilst also strengthening our presence in priority markets. They also enabled us to post solid results in the context of a weak dollar, falling interest rates and greater market volatility,"saidGuy de Picciotto, UBP's CEO.

About Union Bancaire Privée (UBP)

Headquartered inGenevaand with more than 30 offices worldwide, UBP is one of the world's largest family-owned private banks, focused exclusively on wealth and asset management for private and institutional clients. UBP managesCHF 171.7 billionin client assets (all figures as at30 June 2025).

www.ubp.com

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SOURCE Union Bancaire Privée (UBP)