Kaiser Partner Privatbank AG can look back on a very successful 2018. According to a press release, the bank increased its profits from 2.3 million to 4.5 million francs. Its client assets under management went up from around 2.6 billion francs to around 4 billion francs. The bank attributes its positive results to organic growth and the acquisition of Bank Vontobel (Liechtenstein) AG as of February 2018.
Gross earnings also grew by a third to 23.3 million francs as a result of the increase in client assets. Operating expenses were up 18 percent to 16.3 million francs. According to the bank, it has a “very solid capitalization”, with a Tier 1 core capital ratio of 20.2 percent.
The press release also states that Kaiser Partner has got off to a successful start this year. The bank continues to rely on organic and acquisitional growth and is pressing ahead with the digitalization of its products.