Profits Rise At UBP; Results Buoyed By Acquisitions

Editorial Staff

26 January 2026

Geneva-headquartered has reported a 19.5 per cent year-over-year rise in client assets for 2025, reaching SFr184.5 billion ($294.7 billion), buoyed by its acquisition of businesses from Societe Generale.

When measured in dollar terms, assets surged by 36.7 per cent to $232.9 billion, it said in a statement on Friday.

The private bank’s group profit rose 4.4 per cent to SFr268.6 million for 2025.

UBP said its acquisition in 2025 of Societe Generale's private banking activities in Switzerland and the UK, both of which were finalised that year, helped propel the asset results.

Robust performances of mandates and funds over the year (a gain of SFr14.1 billion), driven by rising financial markets, were offset by negative currency effects (-SFr14.1 billion) primarily due to the sharp decline in the US dollar against the Swiss franc, it said.

Organic growth fed into the result: net new money (excluding acquisitions), reached SFr2.7 billion.

“This positive momentum highlights the bank's solid activity in its expansion markets, such as Asia, the Middle East, and Monaco, as well as the success of its main active asset management strategies with institutional clients,” the bank said.

UBP said total income, at SFr1.51 billion, rose 12.5 per cent on a year ago, despite the negative impact of a declining dollar.

Net fees and commissions income rose 13.1 per cent to SFr843.6 million.

Total operating costs rose by 15.7 per cent in 2025 following the integration of Societe Generale’s teams and operations in Switzerland and the UK.

After the completion of the two major acquisitions in 2025, the liquidity coverage ratio (LCR) and Tier 1 capital ratio stood at 276.4 per cent and 23.1 per cent respectively, more than twice the levels required by Swiss regulations, making UBP one of the most strongly capitalised banks in its sector.

“Despite unfavourable exchange rates, declining interest rates, and exceptional one-off costs related to the acquisitions, we achieved a healthy profit margin, reflecting a good balance of external and organic growth. Our international expansion enables us to provide our clients around the world with an enhanced range of solutions and services,” Guy de Picciotto, UBP’s chief executive, said in a statement.