The Swiss private bank issued a broadly strong set of results for 2017.

Geneva-headquartered Lombard Odier announced yesterday that total client assets rose to SFr274 billion ($289 billion) at the end of last year, from SFr233 billion a year earlier, driven by rising markets and new money.

The private bank, which along with Pictet and Mirabaud began to publish results in 2014 after becoming limited liability organisations, said operating income for 2017 was SFr1.1 billion, rising 6 per cent from a year before.

Consolidated net profit came in at SFr146 million, up 17 per cent on a year earlier, it said in a statement.

The group’s balance sheet remains “strong, highly liquid and conservatively invested”, totalling SFr16.9 billion. Lombard Odier has a CET1 ratio – a commonly-used measure of a bank’s capital strength - of 26.5 per cent at the end of 2017.

“Our improved results in 2017 reflect the positive impact of new client acquisitions as well as the strong markets we have seen during the year,” Patrick Odier, senior managing partner, said.