Swiss private bank Pictet has recorded a consolidated net profit of CHF452m for the year ended 31 December 2015, a decline of 2% from the year ago period.
The group posted a 3% increase in operating income for the full year of 2015 to CHF2.12bn.
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Assets under management or custody reached CHF437bn as at 31 December 2015, up CHF2bn compared to 1 January 2015.
For the calendar year ended 31 December 2015, Pictet’s net new money reached CHF14.6bn.
The group’s core tier 1 capital ratio was 22.1% (based on CHF2.15bn of core tier 1 equity), while the liquidity coverage ratio is 195%, both at 31 December 2015.
Pictet said that its ratios compare with the minimum 4.5% core tier 1 capital ratio and the minimum 100% liquidity coverage ratio required by Basel III.
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By GlobalDataPictet senior managing partner Jacques de Saussure said: "We have seen positive net inflows in all our strategic markets – Switzerland, European Union and Asia – and from each business line – wealth management, asset management and asset services.
"This growth reflects our focus on clients’ long term interests and our ability to adapt to a changing environment."
