BRUSSELS (dpa-AFX) - Swiss private banking group Julius Baer Group Ltd. (JBAXY.PK, JBARF.PK) reported that at the end of April 2015, its assets under management or AuM amounted to 289 billion Swiss francs, a decrease since the end of 2014 of just 2 billion francs, or 1%, despite the very significant strengthening of the Swiss franc.
Julius Baer said it remains strongly capitalised. At the end of April 2015, the Group's BIS total capital ratio stood at 22.4% and the BIS tier 1 ratio at 21.1%, well above the targeted floors of 15% and 12%, respectively.
Excluding integration and restructuring expenses, the amortisation of intangible assets related to acquisitions or divestments, pre-tax profit margin improved to close to the top end of the 30-35 bps medium-term target range. In the period February-April 2015, the pre-tax-profit margin was in the middle of this range.
Julius Baer Group's detailed financial results for the first half of 2015 will be published on 20 July 2015.
Copyright RTT News/dpa-AFX