Private bank and asset management firm OZ Bankers reported a 38.7 per cent rise year-on-year in net profits for the first nine months of 200...

Private bank and asset management firm OZ Bankers reported a 38.7 per cent rise year-on-year in net profits for the first nine months of 2005 to SFr20.9 million ($16.3 million). The Pfäffikon-based firm said the strong Swiss equities market had bolstered growth and commission income was also strong, rising by 10 per cent to SFr17.1 million in the nine month period. Despite an increase in its cost base, OZ Bankers still had a very impressive cost-income ratio of only 28 per cent. The latest figures on assets under management were not given, but at the end of 2004 the bank had SFr1.2 billion of AUMs.