Exceptionally positive business year
Significant increase in client assets and profits – Investments for the future
The Kaiser Partner Privatbank reports an exceptionally positive financial year 2018. The bank practically doubled its profit to Fr. 4.5 million and increased client assets under management by more than half to Fr. 4.0 billion. This positive development is attributable both to organic growth and to the acquisition of Bank Vontobel (Liechtenstein) plc in February 2018.
The performance indicators highlight the positive annual result of the Kaiser Partner Privatbank. Due to the increase in client assets, gross income rose to Fr. 23.3 million, an increase of one third over the previous year. On the other hand, operating expenses rose to Fr. 16.3 million, an increase of 18%. Total assets increased to Fr. 562 million, an increase of one fifth. With a Tier 1 capital ratio of 20.2%, the bank has an excellent capital base. At the end of 2018, it had 70 employees.
The Kaiser Partner Privatbank has also made a successful start this year; it continues to focus on organic growth and acquisitions in its existing target markets and keeps investing in the future for its customers. From the second half of 2019, the “digital onboarding” will make it possible to open up sophisticated structures from the comfort of your home or workplace online. The bank uses the possibilities of digitalisation to place the customers and their needs at the very centre. The Kaiser Partner Privatbank will still be a modern and reliable partner for existing and new customers in 2019.