Union Bancaire Privée (UBP) has reported a 4.5 percent increase in net profits in 2022.

In its full year results UBP recorded an increase in profits from CHF 201.2 million to CHF 210.4 million.

Revenues were up 7.0 percent year-on-year, largely due to an increase in interest income.

These increased from CHF 1.13 billion to CHF 1.21 billion at the end of 2022.

Operating expenses increased 9.6 percent from CHF 754.5 million to CHF 826.6 million.<...