Latest Breaking News On - First half year results 2022 ubp 39 snet profitwaschf112 6million in the of - Page 1 : comparemela.com

First half-year results 2022 UBP'snet profitwasCHF112.6million in the first half of 2022,up 12.4% fromCHF100.2million a year earlier. Revenuesincreased by 10.5%, driven by a higher net interest margin and recent acquisitions. Assets under managementtotalledCHF148.2 billion at the end of June 2022 compared withCHF160.4billion at end-2021. GENEVA, July 18, 2022 /PRNewswire/ UBP's assets under management amounted to CHF148.2billion at end-June 2022, down 7.6% compared with the end of December 2021. This CHF12.2billion decrease arose from the sharp correction in financial markets during the period. Net new money, meanwhile, was positive at CHF 3.4 billion, driven in particular by the acquisition of Danske Bank International, completed in the first quarter, which offset outflows among existing clients, mainly institutional investors. Revenues rose by 10.5% from CHF 562.1 million in the first half of 2021 to CHF 620.9 million in the first half of 2022. This increase resulted from a

Banque priveeDanske bank internationalMillennium banque priveeFirst half year results 2022 ubp 39 snet profitwaschf112 6million in the ofUp 12 4 fromchf100 2milliona year earlier revenuesincreased by 10 5Riven bya higher net interest margin and recent acquisitions assets under managementtotalledchf148 2 billion at the end of june 2022 compared withchf160 4billion 2021 genevaJuly 18022 prnewswire ubp 39s assets under management amounted to chf148 2billion at end june 2022Own 7 6 compared with the end of december 2021 this chf12 2billion decrease arose from sharp correction in financial markets during period net new moneyAs positive at chf 3 4 billionRiven in particular by the acquisition of danske bank internationalOmpleted in the first quarterHich offset outflows among existing clientsAinly institutional investors revenues rose by 10 5 from chf 562 1 million in the first half of 2021 to 620 9 2022 this increase resulted froma higher net interest margin up 42 7 following recent rate hikesUt also from the addition of millennium banque privee business in late 2021 and danske bank international 2022 revenues trading principally forex grew sharply during period by chf 16 5 million helped to compensate for decline activity among private clients operating expensestotalled 411 7 first half as opposed 372 this 10 rise was direct result recent acquisitions investmentsArticularly the recruitment of several teams in our priority markets and expansion bank 39s responsible investment offering net profitreached chf112 6million