Reported net profit was down by 67% to CHF121m for 2015 compared to 2014. However, underlying net profit increased (which excludes a CHF521m US litigation provision) by 20% to CHF701m for 2015 compared to 2014 according to Julius Baer. Interest and dividend income rose by 9% to CHF847m in 2015. Net commission and fee income was flat at CHF1.52bn for 2015. Trading income was up by 33% to CHF436m in the same period. Operating income rose by 6% to CHF2.7bn for 2015 compared to 2014. Personnel ex
01 Feb 2016
FY15 net profit burdened by litigation provisions but increased targets and dividend
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FY15 net profit burdened by litigation provisions but increased targets and dividend
Reported net profit was down by 67% to CHF121m for 2015 compared to 2014. However, underlying net profit increased (which excludes a CHF521m US litigation provision) by 20% to CHF701m for 2015 compared to 2014 according to Julius Baer. Interest and dividend income rose by 9% to CHF847m in 2015. Net commission and fee income was flat at CHF1.52bn for 2015. Trading income was up by 33% to CHF436m in the same period. Operating income rose by 6% to CHF2.7bn for 2015 compared to 2014. Personnel ex