UBP: Acquisitions Lift Assets While Integration Costs
Swiss-based Union Bancaire Privée closed 2025 with client assets of 184.5 billion francs, up 19.5 percent year-on-year, as the Geneva private bank translated two major acquisitions into scale despite meaningful currency headwinds, according to a media release issued on Friday.
Client assets increased by 30.1 billion francs to 184.5 billion francs from 154.4 billion francs a year earlier; in dollar terms, assets rose 36.7 percent to $232.9 billion, according to a media release sent on Friday.
UBP said on Friday that strong market performance added 14.1 billion francs, which was effectively offset by negative currency effects of 14.1 billion francs, driven mainly by the dollar’s decline against the franc.
The bank attributed the step-change primarily to the acquisition of Société Générale’s private banking businesses in Switzerland and the UK, both finalised in 2025. Excluding acquisitions, net new money was 2.7 billion francs, supported by activity in expansion markets including Asia, the Middle East, and Monaco.
Management Frames 2025 as Execution Under Pressure
CEO Guy de Picciotto pointed to delivery through adverse FX, falling rates, and acquisition–related costs, saying: «In 2025, our Bank once again delivered strong results… we achieved a healthy profit margin, reflecting a good balance of external and organic growth.»
Total income reached 1.51 billion francs, up 12.5 percent versus 2024, with the net result from interest operations at 546.1 million francs, up 13.1 percent.
Net fees and commissions income climbed 13.1 percent to 843.6 million francs, which UBP linked to stronger transactional activity – particularly in developing markets and Asia toward year-end.
Capital And Liquidity Provide Sizeable Cushion
After the 2025 acquisitions, UBP reported a liquidity coverage ratio of 276.4 percent and a Tier 1 capital ratio of 23.1 percent – both more than twice Swiss regulatory requirements, according to the bank.
