Business segment result
Institutional Clients
43'000'000'000
Swiss francs is the total business volume of the Institutional Clients segment. That is an increase of about 55 per cent.
The segment profit before tax of the Institutional Clients segment rose by 8 per cent. Operating income improved largely on account of the good performance of interest business from foreign currency investments. Income from fees and commissions exceeded the previous year’s result thanks to active sales and marketing efforts, as well as the first-time consolidation of LLB Swiss Investment AG and Semper Constantia. The two acquisitions made a positive contribution of CHF 26.8 million to the increase in operating income. Operating expenses increased on account of the takeover of the personnel of the acquired companies. Thanks to the takeover of Semper Constantia, the business volume rose by over 50 per cent and now stands at CHF 43 billion. Adjusted to consider the acquisition volumes, the business volume decreased due to market factors.
Download |
in CHF thousands |
2018 |
2017 |
+/− % |
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---|---|---|---|---|---|---|
Net interest income |
19'817 |
14'725 |
34.6 |
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Expected credit losses |
0 |
7'500 |
–100.0 |
|||
Net interest income after expected credit losses |
19'817 |
22'225 |
–10.8 |
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Net fee and commission income |
80'952 |
56'201 |
44.0 |
|||
Net trading income |
11'007 |
11'138 |
–1.2 |
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Other income |
2 |
2 |
–7.0 |
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Total operating income |
111'778 |
89'566 |
24.8 |
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Personnel expenses |
–26'220 |
–17'709 |
48.1 |
|||
General and administrative expenses |
–4'647 |
–2'507 |
85.4 |
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Depreciation and amortisation |
–116 |
0 |
|
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Services (from) / to segments |
–20'550 |
–13'369 |
53.7 |
|||
Total operating expenses |
–51'534 |
–33'585 |
53.4 |
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Segment profit before tax |
60'244 |
55'981 |
7.6 |
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2018 |
2017 |
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Gross margin (in basis points) * |
31.1 |
30.7 |
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Cost-Income-Ratio (in per cent) ** |
46.1 |
40.9 |
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Net new money (in CHF millions) |
89 |
397 |
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Growth of net new money (in per cent) |
0.3 |
1.6 |