Julius Baer’s pre-tax profits rose by 49 percent to CHF 846 million in 2020.
In its full year results, the Swiss bank noted that its income taxes increased by 46 percent to CHF 147 million, meaning net profit grew by 50 percent to CHF 699 million.
The net profit was impacted by a CHF 190 million non-cash charge related to its investment in Kairos and a CHF 73 million provision related to the agreement with the US Department of Justice (DOJ) to settle investigation in the FIFA matter...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
