Business segment result
The Private Banking segment increased operating income by 11.5 per cent. Thanks to operative improvements, growth was achieved both in fee and commission business and interest differential business. Moreover, a write-back of provisions had a positive impact on operating expenses, which were kept at the same level as in the previous year. The segment profit before tax improved therefore by 30.7 per cent or CHF 14.0 million. Thanks to the improved earning power, the gross margin rose to 72.4 basis points. Both client assets under management and loans to clients increased. The business volume expanded by 2.9 per cent to CHF 18.7 billion.
Business segment result: Private Banking
| Download |
in CHF thousands |
2019 |
2018 |
+/− % |
|||
|---|---|---|---|---|---|---|
Net interest income |
40'299 |
36'317 |
11.0 |
|||
Expected credit losses |
486 |
0 |
|
|||
Net interest income after expected credit losses |
40'785 |
36'317 |
12.3 |
|||
Net fee and commission income |
82'973 |
73'640 |
12.7 |
|||
Net trading income |
8'460 |
8'639 |
–2.1 |
|||
Other income |
2 |
3 |
–35.8 |
|||
Total operating income |
132'220 |
118'597 |
11.5 |
|||
Personnel expenses |
–37'238 |
–38'195 |
–2.5 |
|||
General and administrative expenses |
1'837 |
–3'431 |
|
|||
Depreciation and amortisation |
–134 |
–5 |
|
|||
Services (from) / to segments |
–37'072 |
–31'368 |
18.2 |
|||
Total operating expenses |
–72'608 |
–73'000 |
–0.5 |
|||
Segment profit before tax |
59'612 |
45'597 |
30.7 |
| Download |
|
2019 |
2018 |
||||||
|---|---|---|---|---|---|---|---|---|
|
||||||||
Gross margin (in basis points) * |
72.4 |
68.8 |
||||||
Cost-Income-Ratio (in per cent) ** |
58.7 |
61.6 |
||||||
Net new money (in CHF millions) |
89 |
780 |
||||||
Growth of net new money (in per cent) |
0.5 |
5.4 |
||||||
| Download |
|
31.12.2019 |
31.12.2018 |
+/− % |
|||
|---|---|---|---|---|---|---|
Business volume (in CHF millions) |
18'743 |
18'216 |
2.9 |
|||
Assets under management (in CHF millions) |
16'859 |
16'350 |
3.1 |
|||
Loans (in CHF millions) |
1'884 |
1'866 |
0.9 |
|||
Employees (full-time equivalents, in positions) |
185 |
189 |
–2.2 |