The Liechtenstein-based family bank Kaiser Partner achieved a profit of 3.71 million Swiss francs in the first half of the year, marking a 30 percent increase compared to the same period last year, according to figures released on Tuesday.

Strong Growth in Interest Income

Revenue rose by 7.0 million Swiss francs to 25 million Swiss francs (+39 percent) compared to the previous year. The bank's interest income also saw positive development in the first six months of the year, growing by 19 percent to 4.1 million Swiss francs. Commission and service income increased by 68 percent to 16 Swiss million francs.

Income from financial operations reached 4.3 million Swiss francs (+2.6 percent). The private bank's assets under management increased by 1.2 billion Swiss francs to 6.9 billion Swiss francs (+21 percent).

Expanded Services

By integrating the previously separate Kaiser Partner Wealth Advisors, the bank has expanded its offerings to include family office services and advisory services for structuring significant international wealth.

«We are confident that we can continue to grow sustainably and profitably», said Christian Reich, CEO of Kaiser Partner Privatbank.

Founded in 1977, Kaiser Partner currently employs 101 people.