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Key figures
| 31.12.2020 | 31.12.2019 | Change in % | |
|---|---|---|---|
| Assets under management (CHF bn)* | 433.7 | 426.1 | 1.8 |
| Net new money (CHF bn, in period) | 15.1 | 10.6 | |
| Total assets (CHF m) | 109,137.0 | 102,035.2 | 7.0 |
| Total equity | 6,434.1 | 6,189.4 | 4.0 |
| BIS total capital ratio* | 21.0% | 22.1% | |
| BIS CET1 capital ratio* | 14.9% | 14.0% | |
| Number of employees | 6,606 | 6,639 | -0.5 |
| Number of relationship managers | 1,376 | 1,467 | -6.2 |
*These figures are updated quarterly and published in our Interim Management Statement.
Further information can be found in the Key figures table below.
Julius Baer’s medium-term financial targets
| All targets are based on adjusted results1 | 2019 | 2020 | Medium-term targets |
|---|---|---|---|
| Cost income ratio | 71.1% | 66.4% | <67% by 2022 |
| Pre-tax margin | 22.1bp | 27.2bp | 25-28bp by 2022 |
| Pre-tax profit | 917m | 1,114m | >10% growth p.a. over 2020-22 cycle |
| RoCET1 | 27% | 32% | >30% by 2022 |
The Group’s own floors are as follows:
- BIS Total Capital Ratio2: >15%
- BIS CET1 Capital Ratio3: >11%
1 Adjusted results are derived by excluding from the IFRS financial results the operating expenses related to acquisitions or divestments (M&A) and the taxes on those respective items. For definitions and more details please refer to the Alternative Performance Measures document, available below.
2 BIS Total Capital Ratio: Total eligible capital divided by risk-weighted assets in %
3 BIS CET1 Capital Ratio: CET1 eligible capital divided by risk-weighted assets in %
Agency ratings
Currently, Moody’s assigned ratings to Bank Julius Baer & Co. Ltd. as follows:
- Long-Term Deposit Rating: Aa3
- Short-Term Deposit Rating: Prime-1 (representing the highest possible short-term rating)
- Long-Term Senior Unsecured and Issuer Rating: A3
- Counterparty Risk Assessment: A1(cr) for the long term, Prime-1(cr) for the short term