Assets under management As of December 31, 2025, they total CHF 184.5 billion, which represents a 19.5% increase (CHF 30.1 billion) compared to CHF 154.4 billion at year-end 2024. In US dollars, assets under management increased by 36.7% and amounted to $232.9 billion compared to $170.4 billion in fiscal 2024.
This increase was largely due to the integration of Société Générale’s private banking activities in Switzerland and the United Kingdomcompleted in both cases in 2025. The good profitability of mandates and funds (+14.1 billion CHF), derived from the good trends in the financial markets, was offset by the negative variation in exchange rates (-14.1 billion CHF) due in particular to the sharp fall of the US dollar against the Swiss franc.
He increase in assets under management It is also due to strong internal growth; thus, the net deposits (excluding acquisitions) amount to CHF 2.7 billion. The data highlight both the Bank’s strong activity in its expansion markets, especially, Asia, Middle East and Monacosuch as the success of its active management strategies aimed at institutional clients.
Income from the Bank’s activity in 2025 amounts to CHF 1,510 million, representing an increase of +12.5%, equivalent to CHF 168.2 millioncompared to CHF 1.34 billion in the previous year, despite unfavorable currency effects due to the depreciation of the US dollar. Net interest operations remained strong (CHF 546.1 million, +13.1%) supported by the increase in assets under management following the two recent acquisitions.
The positive revenue trend It also had in its favor the dynamism of the trading activities of private and institutional clients, especially in developing markets and in Asiawhere there was a significant improvement in trading activity at the end of 2025. This dynamism is reflected in the increase in 13,1% of net fee income, amounting to CHF 843.6 million, which corroborates the interest shown by UBP clients in the range of portfolio management solutions.
Operating expenses grew by 15.7% in 2025 after the satisfactory integration of the teams and activities in Switzerland and the United Kingdom of Société Générale. This increase includes both non-recurring and acquisition-related restructuring costs, as well as ongoing investments in Compliance teams, the development of information technologies and the integration of AI.
The Group’s net profit grew by 4.4% and amounts to CHF 268.6 millioncompared to CHF 257.4 million in fiscal 2024. For its part, the operating expenses/operating income ratio stands at 69.6% and demonstrates UBP’s ability to aggressively pursue its growth strategy while maintaining control over its cost structure.
After the completion of the integration process of the aforementioned purchases, in 2025 the short-term liquidity ratio is 276.4% and the Tier 1 capital ratio is 23.1% and are equivalent to more than double the Swiss legal minimum, making UBP one of the best capitalized banks in the sector.
Guy de Picciotto, CEO of UBP stated: «In 2025, our Bank has once again achieved solid results thanks to the extraordinary work of our teams, who completed two important integrations in record time, and the remarkable performance of our investment solutions. Despite exchange rates, falling interest rates and non-recurring costs arising from acquisitions, we have achieved a good profit margin, reflecting a balance between internal and external growth. Thanks to our international expansion we can offer our customers around the world an increasingly better range of solutions and services.”