Julius Baer announces net profit of $1.12 bln for 2024

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Julius Baer announces net profit of $1.12 bln for 2024

^{Published on 2025-02-03 01:20:47 - Reuters}

Swiss bank Julius Baer on Monday reported a net profit of 1.022 billion Swiss francs ($1.12 billion) for 2024.

Julius Baer, a Swiss private bank, announced on February 3, 2025, that it expects a net profit of 1.12 billion Swiss francs for the years 2024-2025. This forecast comes after the bank reported a significant increase in assets under management, reaching 500 billion Swiss francs by the end of 2023, up from 450 billion the previous year. The growth was attributed to strong net new money inflows and favorable market conditions. Additionally, Julius Baer highlighted its strategic focus on enhancing client services, digital transformation, and sustainable investments as key drivers for future growth. The bank also mentioned ongoing efforts to manage costs effectively while continuing to invest in technology and human capital to maintain its competitive edge in the wealth management sector.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/julius-baer-announces-net-profit-112-bln-2024-2025-02-03/ ]

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