Active in traditional wealth management, independent asset manager services, and asset management, Mirabaud posted a 20 percent rise in net profit year-on-year to 12,1 million francs in the first half of 2025.

According to Thursday’s press release, revenues slipped slightly from 147,6 million francs to 143,5 million francs. Interest income fell sharply, amounting to 16,8 million francs compared to 26,6 million francs in the first half of 2024.

«One-Off Outflow» and Dollar Depreciation Reduce Assets

Commission and fee income increased slightly, from 103 million francs to 104,3 million francs. Trading performed even better at the Geneva-based bank, rising to 16 million francs from 11,7 million francs.

However, assets under management shrank from 32,3 billion francs at the end of 2024 to 30 billion francs. Mirabaud attributed this «mainly to a one-off outflow of non-strategic assets in connection with the concentration of wealth management activities on our target markets as well as the sharp depreciation of the US dollar against the franc.» At the same time, the bank stressed that «these cyclical factors do not reflect the group’s solid business dynamics nor its growth prospects.»

Continued «Strict Cost Control»

Operating expenses remained virtually unchanged at 125,7 million francs (previous year: 125,9 million francs). The bank emphasized that it continues to pursue strict cost control while implementing its investment plan.

The balance sheet total increased from 1,9 billion francs at the end of 2024 to 2,1 billion francs. The core capital ratio (CET1) stands at over 20 percent and the liquidity coverage ratio (LCR) at 200 percent, both well above FINMA’s Basel III minimum requirements.

Reviving Growth Momentum

Lionel Aeschlimann, Senior Managing Partner of the Mirabaud Group, commented: «We are continuing our targeted investments to strengthen our fundamentals, particularly with regard to the transformation of our technological infrastructure in private banking and international expansion. Our efforts are now fully focused on reviving our growth momentum in both wealth management and asset management, with the aim of creating sustainable value for our clients.»