February 3, 2020 / 6:27 AM / 20 days ago

BRIEF-Julius Baer 2019 Net Profit Down 37% To 465 Mln Sfr

Feb 3 (Reuters) - Julius Baer Gruppe AG:

* PRESENTATION OF 2019 FULL-YEAR RESULTS FOR JULIUS BAER GROUP

* NET NEW MONEY CHF 10.6 BILLION

* IFRS NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF JULIUS BAER GROUP LTD. CHF 465 MILLION

* IFRS RESULTS IMPACTED BY PROVISION OF CHF 153 MILLION (CHF 119 MILLION NET OF TAXES) RELATED TO CLAIM BY BUNDESANSTALT FÜR VEREINIGUNGSBEDINGTE SONDERAUFGABEN (BVS) AGAINST BANK JULIUS BAER

* CHF 99 MILLION NON-CASH GOODWILL IMPAIRMENT CHARGE (NOT TAX-DEDUCTIBLE) RELATED TO ACQUISITION OF KAIROS (AS COMMUNICATED IN NOVEMBER 2019)

* BIS CET1 CAPITAL RATIO 14.0% AND BIS TOTAL CAPITAL RATIO 22.1%

* UNCHANGED ORDINARY DIVIDEND OF CHF 1.50 PER SHARE

* NET NEW MONEY WAS IMPACTED BY OUTFLOWS AT ITALIAN ASSET AND WEALTH MANAGEMENT SUBSIDIARY KAIROS

* ADJUSTED OPERATING EXPENSES ROSE BY 3% TO CHF 2,466 MILLION Source text: bit.ly/2uUAci6 Further company coverage: (Berlin Speed Desk)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below