Banking group Julius Baer increased its half-year profit by 26%

Swiss banking group Julius Baer in the first half of 2018 increased its adjusted net profit by 26% year-on-year to a record high of 444 million Swiss francs due to the growth in the volume of assets managed by the company. Operating profit was 1 billion 790 million francs, increased by 12%. At the same time, net trading income jumped by 129%. The increase in the indicator of collected commissions was 10%, while net interest and dividend income fell by 2%. For six months, the volume of assets under the management of the group increased by 3% in annual terms to 400 billion francs. The net inflow of cash grew by 5.1%.

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