More client funds, higher total income and investment
Kaiser Partner Privatbank AG’s half-year financial statements show a very satisfactory result. At CHF 9.2 million, total income was 6% higher than a year earlier. Despite substantial investments in banking systems and personnel, the private bank posted a solid net profit of CHF 1.4 million for the first 6 months. Client assets under management rose to CHF 2.6 billion, which is 9% up on the year-back figure. There was a CHF 154 million net inflow of new money.