Julius Baer Reports Significant Financial Growth in 2024

Julius Baer Group Ltd. has announced a remarkable financial performance for the fiscal year 2024, with a net profit surge of 125% to 1.022 billion Swiss francs, as per the International Financial Reporting Standards (IFRS). This significant increase is a testament to the bank's robust operational strategies and market resilience.

Key Financial Highlights

The bank's IFRS earnings per share (EPS) also witnessed a substantial rise of 125% compared to the previous year, reaching 4.98 Swiss francs. Moreover, Julius Baer's operating income saw a 19% increase, amounting to 3.861 billion Swiss francs. The adjusted net profit followed suit, jumping by approximately 121% year-on-year to 1.047 billion Swiss francs.

One of the most notable improvements was in the adjusted cost/income ratio, which decreased from 81.6% to 70.9%, indicating enhanced operational efficiency. Despite these financial gains, the dividend per share remained stable at 2.60 Swiss francs, reflecting the bank's commitment to shareholder value.

Leadership's Perspective on the Year's Success

"We have closed the year with the highest level of assets under management ever, fuelled by accelerated net new money inflows in the second half of the year. At the same time, we spared no effort in strengthening our overall risk framework and controls, thereby delivering on the commitments made a year ago," stated Nic Dreckmann, Chief Operating Officer (COO) of Julius Baer.