Geneva-Based Private Bank One Swiss Reports Lower Profits

Following a strong performance in 2023, One Swiss reported a decline in net profit for the first half of the year. According to the Geneva financial portal «Finance Corner», the net profit stood at 5.1 million francs, down 12.4 percent compared to the previous year.

Despite a modest increase in revenues, costs grew at a faster pace, driven by investments in customer satisfaction, marketing, and process automation.

Higher Net Inflows

The bank’s efforts are starting to show results. Assets under management increased by 20.3 percent to  6.1 billion francs in the first half of the year. This growth is largely attributed to net inflows of 674 million francs, primarily from contributions to asset management.

Im Vergleich zum 30. Juni 2023 stieg der Betriebsertrag um 13 Prozent auf 21 Millionen Franken. Aufgrund der Fondszuflüsse stiegen die Gebühren um 15,6 Prozent.