Swiss bank Julius Bär posts lower profits

Swiss bank Julius Bär reported significantly lower profits in 2025 due to the high loan loss provisions recognised in the course of the year. +Get the most important news from Switzerland in your inbox Assets under management increased thanks to strong equity markets and further inflows of new money. IFRS net profit totalled CHF764 million compared to CHF1.02 billion in the previous year, the group announced on Monday. The result was burdened above all by net credit losses totalling CHF213 million as part of the review of the credit portfolio. In addition, the sale of the Brazilian domestic business at the beginning of 2025 weighed on the result with CHF99 million. CEO Stefan Bollinger spoke of a "successful year of transition", which had put Julius Bär on the right path to achieving its medium-term goals. Adjusted net profit, which excludes various special factors, increased by 17% to CHF1.27 billion last year. The private bank's assets under management (AuM) totalled CHF521 ...