Geneva-headquartered Union Bancaire Privée released positive financial results for the first half of 2026 today, showing an increase in profits, client assets and total income.

Union Bancaire Privée (UBP) group profit reached SFr169.4 million ($209 million) in the first half of 2026, up 40.4 per cent from SFr120.7 million in the same period last year.

The Swiss private bank’s client assets grew by 4.8 per cent to SFr193.5 billion at the end of June 2026, compared with SFr184.5 billion at the end of 2025. This growth was mainly supported by financial markets’ positive trend since the beginning of the year, and the performance of the bank’s managed solutions and flagship fund offerings. In dollar terms, client assets rose to $239.8 billion, up from $232.9 billion at the end of 2025, the bank said.

Total income rose to SFr812.5 million in the first half of the year, up 10.4 per cent from 736 million in the same period in 2025. This double-digit increase was mainly driven by sustained client brokerage activity and by the higher client asset base, resulting in higher fees and commissions, which reached a total of SFr471.1 million (+16.5 per cent). Growth in total income was also supported by a net result from interest operations of SFr275.8 million (+4.0 per cent) and a result from trading activities of SFr64.2 million (+5.9 per cent).

Total operating expenses were up 1.8 per cent, demonstrating disciplined cost management, and the benefits of an efficient platform consolidation following the integrations of Societe Generale Private Banking (Switzerland) and SG Kleinwort Hambros Bank.

The liquidity coverage ratio (LCR) stood at 233.8 per cent and the Tier 1 capital ratio at 22.5 per cent, underscoring the bank’s capacity to sustain a strong equity position and a resilient balance sheet following its recent acquisitions.  

“Our half-year results benefit from positive financial market dynamics, as well as from the streamlining of our operations following the completion of two major acquisitions,” Guy de Picciotto, CEO of UBP, said in a statement. “This was made possible thanks to the unwavering commitment of our teams who successfully integrated two banks, in Switzerland and in the UK, over one year.”