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Pictet’s Profits Up In H1 2026
Amanda Cheesley
31 August 2026
Geneva-headquartered private bank has published unaudited figures for the first half of 2026 showing a net profit of SFr371 million ($459 million), up 12 per cent, and operating income of SFr1.637 billion (+4 per cent) compared with the first half of 2025). Total expenses before tax reached SFr1.165 billion (+1 per cent). Assets under management or custody reached SFr810 billion (+7 per cent) from 31 December 2025, the firm said in a statement on Friday. The group has maintained a solid equity base, as well as a robust total capital ratio. As at 30 June 2026, the group’s equity stood at SFr3.17 billion. The total capital ratio stood at 21.9 per cent, well above the 12 per cent requirement set by the group’s Swiss regulator, FINMA. “In an environment marked by geopolitical uncertainty, the assets clients entrusted to Pictet reached an all-time high,” Marc Pictet, senior managing partner, said. “The solid operating result demonstrates the appeal of our business model and our ability to guide clients through complex and volatile market phases.”
Two of Pictet's Swiss peers, , have reported half-year figures in recent days. Lombard Odier's assets under management rose 7 per cent from end-2025 to a record SFr239 billion ($298.7 billion) in the first half of 2026. Total client assets reached SFr367 billion, up 5 per cent over the same period. Mirabaud reported a stable net profit of SFr12.3 million. Assets under management increased by 8 per cent to SFr32.4 billion. Its CET1 ratio remained above 20 per cent.