Key figures Julius Baer Group (1)
H1 2011 | H1 2010 | H2 2010 | Change to | |
|---|---|---|---|---|
Consolidated income statement | ||||
Operating income | 897.8 | 916.4 | 878.0 | -2.0 |
Operating expenses | 667.0 | 593.9 | 598.0 | 12.3 |
Profit before taxes | 230.8 | 322.5 | 280.0 | -28.4 |
Net profit | 196.3 | 261.0 | 242.9 | -24.8 |
excluding Germany settlement (2) | 247.5 | 261.0 | 242.9 | -5.2 |
EPS for the half year (CHF) | 0.96 | 1.27 | 1.18 | -24.4 |
Cost / income ratio | 67.6% | 63.4% | 67.6% | - |
Pre-tax margin (basis points) | 27.0 | 37.7 | 33.0 | - |
Client assets (CHF bn) | 30-06-11 | 30-06-10 | 31-12-10 | Change to |
Assets under management | 165.6 | 166.1 | 169.7 | -2.4 |
Average assets under management | 171.2 | 170.9 | 169.8 | 0.8 |
Net new money (change to 30-06-10) | 4.9 | 3.3 | 5.5 | 49.8 |
Assets under custody | 94.3 | 89.0 | 97.6 | -3.4 |
Total client assets | 260.0 | 255.1 | 267.3 | -2.7 |
Consolidated balance sheet (CHF m) | ||||
Total assets | 47 471.5 | 47 371.4 | 46 286.6 | 2.6 |
Total equity | 4 395.5 | 4 308.6 | 4 484.0 | -2.0 |
BIS total capital ratio | 22.0% | 23.4% | 24.3% | - |
BIS tier 1 ratio | 21.7% | 22.8% | 23.8% | - |
Return on equity (ROE) annualised | 12.1% | 18.0% | 15.3% | - |
Personnel | ||||
Number of employees (FTE) | 3 684 | 3 534 | 3 578 | 3.0 |
of whom Switzerland | 2 793 | 2 747 | 2 763 | 1.1 |
of whom abroad | 891 | 787 | 815 | 9.3 |
Capital structure | ||||
Number of registered shares | 206 630 756 | 206 630 756 | 206 630 756 | - |
Weighted average number of registered shares outstanding | 205 069 650 | 206 210 340 | 205 969 204 | - |
Share capital (CHF m) | 4.1 | 4.1 | 4.1 | - |
Book value (CHF) | 21.8 | 21.0 | 21.8 | -0.1 |
Market capitalisation (CHF m) | 7 176 | 6 397 | 9 050 | -20.7 |
Moody's Rating Bank Julius Baer & Co. Ltd. | Aa3 | Aa3 | Aa3 | |
Listing | ||||
Zurich, Switzerland | SIX Swiss Exchange, part of the Swiss Market Index SMI | |||
Ticker symbols | ||||
Bloomberg | BAER VX | |||
Reuters | BAER.VX | |||
Swiss securities number | 10 248 496 | |||
Share buyback programme second trading line (BAERE) | 12 664 577 | |||
(1) Excluding integration and restructuring expenses as well as the amortisation of intangible assets. Including these positions, the net profit attributable to shareholders decreased from CHF 184.8 million in the first half of 2010 to CHF 147.3 million in the first half of 2011, mainly due to the CHF 51 million net impact of the one-off Germany payment.
(2) On 14 April 2011, it was announced that German authorities and Julius Baer had agreed on a one-time payment by the latter of EUR 50 million. This payment ended the investigations against Julius Baer and unknown employees regarding tax matters in Germany.