UBP reported total client assets of CHF184.5bn as of the end of December 2025, marking a 19.5% or CHF30.1bn increase compared with CHF154.4bn at the close of 2024 – in USD terms, up by 36.7% to $232.9bn from $170.4bn – largely attributed to the private banking space.
UBP reported that the rise in client assets was l”argely driven by the acquisition of Societe Generale’s private banking activities in Switzerland and the United Kingdom, both of which were finalised in 2025.”
FX played its role. Financial markets did well, but the increase in mandates and funds of CH~F14.1bn was equally offset by the decline in USD vs CHF.
“The increase in client assets is also the result of firm organic growth, with net new money (excluding acquisitions), reaching CHF2.7bn.”
Asia, the Middle East and Monaco were key areas of activity driving the asset growth. Active asset management did well with institutional clients, UBP reports.
Highlights include:
- Total income was CHF1.51bn (+12.5% or CHF168.2m) in 2025, up from the previous year’s CHF1.34bn, despite the negative currency effects linked to the decline in the US dollar.
- The net result from interest operations (CHF546.1m, +13.1%) remained strong, supported by the increase in client assets following the two recent acquisitions.
- Net fees and commissions income rose by 13.1% to CHF843.6m.
- Total operating expenses rose by 15.7% in 2025 following the successful integration of Societe Generale’s teams and operations in Switzerland and in the UK.
- Group profit grew by 4.4% to CHF268.6m, compared with CHF257.4m at the end of 2024, resulting in an operating cost/income ratio of 69.6%.
- After the completion of the two major acquisitions in 2025, the liquidity coverage ratio (LCR) and Tier 1 capital ratio stood at 276.4% and 23.1% respectively, more than twice the levels required by Swiss regulations.
Guy de Picciotto, UBP CEO, commented: “In 2025, our Bank once again delivered strong results, driven by the outstanding dedication of our teams – who completed two major integrations in record time – and the robust performance of our investment solutions. Despite unfavourable exchange rates, declining interest rates, and exceptional one-off costs related to the acquisitions, we achieved a healthy profit margin, reflecting a good balance of external and organic growth. Our international expansion enables us to provide our clients around the world with an enhanced range of solutions and services.”
