The bank’s net profit surged 25 percent year-on-year to SFr138 million for the first half of 2026, supported by an operating income of SFr740 million. While revenue growth accelerated, operating costs remained flat, providing a clear boost to the bottom line. Total client assets reached SFr367 billion, a 5 percent increase since the end of 2025, fueled by both successful investment strategies and consistent capital inflows.
Lombard Odier Assets Hit Record SFr239 Billion
With assets under management climbing to a record SFr239 billion, Geneva-based Lombard Odier has signaled a period of robust expansion for Swiss private banking. The firm’s performance mirrors a broader trend across the sector, where disciplined cost management and steady net new money inflows are driving significant profitability gains.
Lombard Odier maintains a strong capital position, reporting a CET1 ratio of 31 percent—more than double the regulatory minimum—and a Fitch rating of AA-. This performance aligns with regional trends; Julius Baer recently posted a record net profit of SFr673 million, marking a 32 percent year-on-year rise. Meanwhile, Mirabaud reported a stable net profit of SFr12.3 million with assets under management growing 8 percent to SFr32.4 billion, reflecting the general resilience of the Swiss wealth management market ahead of Pictet's upcoming results.
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