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
Union Bancaire Privee to acquire Millennium Banque Privee - BCP (Suisse) SA opalesque.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from opalesque.com Daily Mail and Mail on Sunday newspapers.