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Key figures
| 31.12.2021 | 31.12.2020 | Change in % | |
|---|---|---|---|
| Assets under management (CHF bn)* | 481.7 | 433.7 | 11.1 |
| Net new money (CHF bn) | 19.6 | 15.1 | - |
| Total assets (CHF m) | 116,305.8 | 109,137.0 | 6.6 |
| Total equity | 6,743.3 | 6,434.1 | 4.8 |
| BIS total capital ratio* | 24.0% | 21.0% | - |
| BIS CET1 capital ratio* | 16.4% | 14.9% | - |
| Number of employees | 6,727 | 6,606 | 1.8 |
| Number of relationship managers | 1,274 | 1,376 | -7.4 |
*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 | 2020 | 2021 | Medium-term targets |
|---|---|---|---|
| Cost/income ratio | 66.4% | 63.8% | <67% by 2022 |
| Pre-tax margin | 27.2bp | 28.2bp | 25-28bp by 2022 |
| Profit before taxes | CHF 1,114.5m | CHF 1,328.9m (+19% vs. 2020)2 | >10% growth p.a. over 2020-22 cycle3 |
| RoCET1 | 32% | 34% | >30% by 2022 |
The Group’s own floors are as follows:
- BIS Total Capital Ratio4: >15%
- BIS CET1 Capital Ratio5: >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 Change 2019/2020: +22%
3 Relative to 2019 adjusted PBT of CHF 917m
4 BIS Total Capital Ratio: Total eligible capital divided by risk-weighted assets in %
5 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: A2
- Counterparty Risk Assessment: Aa3(cr) for the long term, Prime-1(cr) for the short term