Julius Baer 2015 Annual Report Sees Net Profit Plunge
Posted: Sun Mar 20, 2016 12:18 pm
The Zurich-headquartered swiss banking institution, with more than 50 locations worldwide, operated by The Julius Baer Group Ltd., has today released its 2015 annual report, as assets held by the Swiss bank reached a record high of 300 billion swiss francs at the end of last year, and up by 3% from 2014.
Operating income rose 5.8% to nearly 2.7 billion CHF (2694.4M), and up by CHF 147.7 million from CHF 2546.7M during 2014. However, operating expenses climbed 23.1% during the same period from roughly CHF 2.07B to over 2.55B, an increase of CHF 479.1 million year-over-year (YoY). Accordingly, net profit declined ... (read more)