ZURICH, Feb 2 (Reuters) – Swiss bank Julius Baer on Monday reported a net profit of 764 million Swiss francs ($988 million) for 2025, down 25% from 2024, but slightly above a consensus expectation of 679 million francs.
Assets under management grew by 5% to 521 billion francs, the bank said, with net new money of 14.4 billion francs matching a Zuercher Kantonalbank forecast.
These inflows and rising global equity market valuations more than offset the impact of the stronger Swiss franc, Julius Baer said.
The bank did not announce any further writedowns after CEO Stefan Bollinger had to announce a series of negative surprises in 2025, his first year in office.
“All in all, 2025 was a successful transition year,” Bollinger said.
($1 = 0.7730 Swiss francs)
(Reporting by Ariane Luthi, Editing by Friederike Heine)
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