Julius Baer profit slumps in 2025 over credit losses

Julius Baer has reported a 25% diminution successful nett net for 2025 to SFr764m ($981.3m), arsenic one-off items and recognition losses offset stronger underlying performance.

The Swiss wealthiness manager booked nett recognition losses of SFr 213m, pursuing ample writedowns successful the erstwhile twelvemonth related to the illness of the Signa spot group.

Results were further affected by a nett interaction of SFr 99m from the merchantability of its Brazilian concern and higher income taxes.

However, underlying nett earlier taxation accrued 17% to SFr 1.27bn.

Assets nether absorption roseate 5% to SFr521bn, supported by SFr 14.4bn successful nett caller money.

The slope said inflows were chiefly driven by clients successful Asian markets including Hong Kong, India, Singapore and Thailand, alongside Western Europe and the UAE.

Owing to ongoing FINMA investigations into the bank’s Signa exposure, Julius Baer remains barred from conducting stock buybacks.

The committee has projected keeping the mean dividend unchanged astatine SFr 2.60 per stock for 2025, taxable to shareholder approval.

The radical is presently pursuing outgo cuts and a strategical revamp nether main enforcement Stefan Bollinger.

In June, the slope confirmed a caller cost-saving people of SFr130m to beryllium achieved by 2028.

Bollinger described 2025 arsenic a “successful modulation year”.

He said: “We are present afloat focused connected delivering profitable maturation and the execution of our strategical transformation. I americium precise pleased with the affirmative momentum created passim the organisation and the tangible advancement made connected aggregate fronts; from simplifying our operating exemplary and sharpening lawsuit absorption to strengthening governance and renewing our enactment team.”

Julius Baer besides announced changes to its board.

In a connection connected 2 February, it said Richard Campbell-Breeden volition not question re-election astatine the adjacent AGM and volition measurement down arsenic vice chairman.

Subject to his re-election arsenic a director, Juerg Hunziker volition presume the relation of vice chairman.

The slope added that Urban Angehrn has agreed to articulation the committee arsenic an autarkic non-executive manager from the 2026 AGM, pending shareholder approval.

"Julius Baer nett slumps successful 2025 implicit recognition losses" was primitively created and published by Private Banker International, a GlobalData owned brand.

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