US EditionJulius Baer's H1 Profit Falls 35% on Loan Provisions
SWITZERLAND, JUL 22 – Julius Baer’s profit fell 35% in H1 2025 due to loan loss provisions and a 130 million franc writedown tied to a property group's collapse, despite strong net new money inflows.
- On Jul 22, Julius Baer reported a first-half profit of 295 million francs, down 35% due to loan loss provisions and charges from its Brazilian wealth management unit.
- Amid lingering credit provisions, the bank triggered a 130 million franc writedown, marking initial stage for return to core banking, Julius Baer said.
- Net new money increased 7.9 billion Swiss francs, pushing assets under management to 483 billion francs, although a weaker US dollar offset gains.
- CEO Stefan Bollinger said `We are now in full execution mode of our strategic agenda`, while an update last month unveiled new targets for the 2026-2028 cycle.
- Credit book review is continuing and expected to complete in the next few months, and the bank will soon unveil if further damages exist.
14 Articles
14 Articles
Old assets have led to a decline in the private bank's profits in the first half of the year. In terms of savings, the bank is on track, but it is far from being the target.
Bank Julius Baer & Co. Ltd Zurich Has $56.60 Million Stake in Logitech International S.A. (NASDAQ:LOGI)
Bank Julius Baer & Co. Ltd Zurich trimmed its holdings in shares of Logitech International S.A. (NASDAQ:LOGI - Free Report) by 10.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 669,751 shares of the technology com
Engaged in a large household after the Benko affair, the Zurich private bank was hit by new provisions of 130 million revealed in May. Its net profit fell by 35%, but the net inflows of capital were solid according to figures published Tuesday morning Julius Baer still seeks to turn the page of his troubles in the loans granted to the group of Austrian entrepreneur René Benko. After the fall of the real estate empire of the former owner of Globu…
Bank Julius Bär achieved a significantly lower profit in the first half of 2025 due to high credit provisions and additional special charges. At the same time, the inflows of new customer funds have significantly increased to Zurich's private bank.
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