Union Bancaire Privée limits the negative effects of a stronger Swiss franc, posting a net result of CHF 79.5 million - Seite 2

Nonetheless, UBP continues to keep a tight rein on costs, improving its consolidated cost/income ratio (66.6%) in the first half of the year, despite its cost base being denominated in Swiss francs and its revenues being principally in euros and dollars.

Financial base further strengthened  

The balance sheet, which is highly liquid, totalled CHF 19.45 billion, up 5% on the same period in 2014. Conservative risk-management has enabled UBP to maintain an excellent financial base and to achieve a Tier 1 capital ratio of 30.5% (before the integration of Coutts International).

Half-year dominated by the acquisition of Coutts International

The main event of these first six months was the announcement of the acquisition of Coutts International. The teams have been fully mobilised on the integration roll-out, and the programme is on schedule. UBP's priority is to ensure a smooth transition for everyone involved. The preparatory work since the announcement has confirmed that the two businesses' respective product ranges and corporate cultures perfectly complement one another, which will benefit their clients.

For further information, please contact
Bernard Schuster - Head of Group Communications: tel. [phone], e-mail [e-mail]

About Union Bancaire Privée (UBP)
UBP is one of Switzerland's leading private banks, and is amongst the best-capitalised, with a Tier 1 ratio of 30.5%. The Bank specialises in wealth management for both private and institutional clients. It is based in Geneva and employs some 1,300 people across twenty-five locations worldwide; as at 30 June 2015, it held CHF 93.1 billion (USD 99.6 billion) in assets under management.
www.ubp.com

ResultatUBPH12015

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Source: Union Bancaire Privée via Globenewswire

HUG#1941503

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Union Bancaire Privée
Rue du Rhône 96-98 Geneva Switzerland