Financial Results
Mirabaud Group Logs AuM Rise In H1 2017
The firm also saw profits surge Y-O-Y, which it claims were due to cost control and good performance.
Geneva-based Mirabaud Group has
reported a 4.5 per cent increase in its assets under management
for H1 2017. It rose to SFr31.2 billion ($32.5 billion) from
SFr29.9 billion on 31 December 2016.
The group’s profit surged year-on-year in H1 2017 SFr22.3 million
(29 per cent increase), which the firm says was due to cost
control and strong business performance.
Excluding operating expenses, gross profit was logged at SFr26.8
million, which rose from SFr21.5 million in the first half of
2016. Net income stood at SFr22.3 million in H1 2017, from SFr
17.3 million in H1 2016.
The group's Basel III CET1 ratio, a measurement of a bank's core
equity capital compared with its total risk-weighted assets to
highlight a bank’s stability, was logged at 20.6 per cent. It is
expected that all banks should meet the minimum requirement CET1
ratio of 4.5 per cent by 2019.
"These results show good returns on our investments and reflect
the relevance of our strategy of controlled international
development", says senior managing partner Yves Mirabaud. "The
Mirabaud Group’s financial soundness and structure enable us to
offer our clients and partners excellent and innovative services
founded on know-how accumulated over many years"
