UBP posted strong growth last year. The Geneva-based private bank Union Bancaire Privée (UBP) recorded a significant increase in 2025, raising client assets to 184,5 billion francs. This represents an increase of 30,1 billion francs, or 19,5 percent, compared with the previous year, according to the annual results published on Friday. The main growth drivers were the integration of Société Générale’s private banking business in Switzerland and the United Kingdom, as well as favourable market trends supporting the investment business.

Strong Swiss franc dampens momentum

The robust inflows confirm strong operational performance in strategic core regions such as Asia, the Middle East and Monaco, as well as in asset management strategies for institutional clients, the statement said. The bank generated net new money of 2,7 billion francs, excluding the acquisition effect, and also benefited from a recovery in capital markets, which boosted investment funds and mandates by 14,1 billion francs. However, the strong appreciation of the Swiss franc against the US dollar weighed on asset growth by the same amount.

Measured in US dollar, client assets rose by 36,7 percent to 232,9 billion dollar at year-end.

Revenue Momentum in Core Business – Integration Drives up Costs

Operating income increased by 12,5 percent to 1,51 billion francs, driven by higher net interest income (+13,1 percent) and a strong rise in commission and fee income (+13,1 percent). Trading activities also recorded double-digit growth, particularly in emerging markets and Asia.

However, the integration of Société Générale teams and processes led to higher operating costs. Expenses rose by 15,7 percent to 1,05 billion francs, including one-off restructuring costs as well as investments in compliance, IT and AI-supported systems.

One of the Best-Capitalised Private Banks

At the bottom line, UBP reported a consolidated profit of 268,6 million francs, up 4,4 percent. The cost-to-income ratio stood at 69,6 percent and remained solid despite the integration phase.

Following the completion of the acquisitions in the 2025 financial year, the short-term liquidity coverage ratio (LCR) stood at 276.4 percent and Tier 1 capital at 23,1 percent. Both figures remain well above Swiss regulatory requirements. UBP therefore continues to rank among the best-capitalised private banks in Switzerland.

«Our profit margin illustrates the balanced development between organic and external growth. Thanks to our international expansion, we are able to further enhance our service offering for clients around the world,» said CEO Guy de Picciotto.