|Consolidated income statement|
|Adjusted operating expenses||2,004.8||2,385.4||-16.0|
|Profit before taxes||847.6||309.0||174.3|
|Adjusted net profit for the Group||705.5||279.2||152.7|
|excluding 2015 US provision2||705.5||701.5||0.6|
|Cost / income ratio3||68.9%||67.2%||-|
|Pre-tax margin (basis points)||27.1||10.7||-|
|Assets under management (CHF bn)||31.12.2016||31.12.2015||Change |
|Assets under management||336.2||299.7||12.2|
|Net new money||11.9||12.1||-|
|Consolidated balance sheet (CHF m)|
|BIS total capital ratio||17.5%||19.4%||-|
|BIS CET1 capital ratio||16.4%||18.3%||-|
|Number of employees||6,026||5,364||12.3|
|Number of relationship managers||1,383||1,217||13.6|
|Number of shares||223,809,448||223,809,448||-|
|Market capitalisation (CHF m)||10,123||10,891||-7.0|
|Moody's rating Bank Julius Baer & Co. Ltd.4|
|Long-term deposit rating||Aa2||Aa2|
|Short-term deposit rating||Prime -1||Prime -1|
|Zurich, Switzerland||SIX Swiss Exchange, under the securities number 10 248 496. |
Member of the Swiss Market Index SMI.
The BIS total capital ratio of XX% and the BIS CET1 capital ratio of XX% are well above the minimum regulatory requirements and the Group’s own capital floors.
1 Adjusted results derived by excluding from the reviewed IFRS financial statements the integration and restructuring expenses as well as the amortisation of intangible assets related to previous acquisitions or divestments. Including these items, the IFRS net profit for the first half of 2017 amounted to CHF XXX million (H1 2016 CHF XX million, H2 2016 CHF XXX million).
2 Calculated using adjusted operating expenses, excluding valuation allowances, provisions and losses.
3 Agency Ratings
Currently, Moody’s assigned ratings to Bank Julius Baer & Co. Ltd. as follows:
In addition, Moody’s introduced a new rating called ‘Counterparty Risk Assessment’ for which Bank Julius Baer was assigned an Aa3(cr) for the long term and a Prime-1(cr) for the short term. The Counterparty Risk Assessment is an opinion of the counterparty risk related to a bank's covered bonds, contractual performance obligations (servicing), derivatives (e.g. swaps), letters of credit, guarantees and liquidity facilities.