Private banking and asset management group Edmond de Rothschild posted an improved net profit in 2020, as it benefited from higher trading volumes and the integration of its French activities the prior year.

Consolidated net income rose to CHF 57 million for 2020, compared to CHF 44 million in 2019 (up 4 percent excluding the impact of the integration of French activities).

At CHF 894 million, revenues were almost 15 percent higher than 2019.

Recurring revenues in private banking and asset management (stripping out the impact of the French business) also increased over the period due to high transaction volume...