Client assets rose by 4.8 percent to SFr193.5 billion by the end of June, bolstered by strong results from the bank’s managed solutions and flagship fund offerings. Total income climbed to SFr812.5 million, a 10.4 percent increase driven largely by a spike in brokerage activity and higher commission fees, which accounted for SFr471.1 million of the total. Net interest operations and trading activities also contributed to the gains, rising 4 percent and 5.9 percent respectively.
UBP Profit Climbs 40% Following Strategic Integration
Union Bancaire Privée reported a 40.4 percent surge in half-year profits for 2026, reaching SFr169.4 million. The Geneva-based lender attributed the performance to buoyant financial markets and the successful consolidation of Societe Generale’s private banking units in Switzerland and the UK.
Operating expenses ticked up only 1.8 percent, highlighting the impact of platform streamlining following the acquisitions of Societe Generale Private Banking (Switzerland) and SG Kleinwort Hambros Bank. With a liquidity coverage ratio of 233.8 percent and a Tier 1 capital ratio of 22.5 percent, the bank maintains a robust balance sheet. CEO Guy de Picciotto noted that the results reflect both favorable market dynamics and the operational efficiencies achieved by teams managing the integration process over the past year.
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