Banks Julius Baer posts lower profit due to credit value adjustments

The Julius Baer Group reported a significantly lower profit in 2025 than in the previous year due to the high credit value adjustments made in the course of the year. Assets under management increased thanks to good equity markets and further inflows of new money.

Keystone-SDA

02.02.2026, 07:32

SDA

The IFRS consolidated profit amounted to CHF 764 million after CHF 1.02 billion in the previous year, as Julius Baer announced on Monday. The result was burdened above all by net credit losses totaling CHF 213 million as part of the review of the credit portfolio. In addition, the sale of the Brazilian domestic business at the beginning of 2025 weighed on the result with CHF 99 million.

In the press release, CEO Stefan Bollinger spoke of a "successful year of transition". This had put Julius Baer on the right path to achieving its medium-term goals. Adjusted net profit, which excludes various special factors, increased by 17 percent to CHF 1.27 billion last year.

The private bank's assets under management (AuM) amounted to CHF 521 billion at the end of 2025, compared to CHF 520 billion at the end of October. Compared to the figure at the end of 2024, AuM were therefore significantly 5 percent higher.

New money inflows of CHF 14.4 billion contributed to the increase in client assets, after the bank had collected CHF 14.2 billion in new client assets in the previous year. These came primarily from key markets in Asia, Western Europe and the Middle East. Support came from a positive performance on the equity markets, which compensated for the appreciation of the Swiss franc.

Julius Baer shareholders are to receive an unchanged dividend of CHF 2.60 per share for the past financial year. This means that the distribution will remain at this level for the fifth year in succession.

With the figures presented, Julius Baer exceeded analysts' forecasts in terms of profit and roughly met them in terms of assets under management. Meanwhile, the dividend was unanimously expected to remain unchanged.