Ad hoc announcement pursuant to Article 53 of SIX Exchange Regulation Listing Rules
ONE swiss bank SA
H1 2021 financial results in true and fair view
“H1 2021 was an exciting and intense period as we reached several major milestones aimed at strengthening the Bank, most notably the merger between Banque Profil de
In terms of financial figures, we regret the net loss of
These achievements put ONE in a better position to face the future. We are now fully focused on implementing cost savings and unlocking synergies as we move forward and develop our range of services. Our main objective remains the success of our consolidation plan and the satisfaction of our current client base.”
H1 2021 KEY FIGURES (CHF)
H1 2021 KEY FACTS
The integration between Banque Profil de
The merger marks an important step forward in ONE’s development after several months of intense efforts. The priority is now to finalise integration and the reorganisation of the merged entities before the end of the year. With the two entities combined, the Bank will be able to draw on complementary skills, unlock synergies and implement economies of scale, with the result of generating a sustainable profit margin by 2022. A steady decrease in operating expenses is expected over the next 12 months.
The transaction also enables the Bank to harness the acquisition and integration of an entire client portfolio in
This is an exciting and thrilling time for ONE. Each and every employee can play a huge part in this new banking venture, with the aim of providing even more services and expertise to our clients across our three business lines: Wealth Management, Asset Management and Asset Services.
Another objective is to consolidate the Bank’s asset management capabilities through the new ‘Dynagest by ONE’ brand, which offers clients a strong and innovative service leveraging expertise in systematic and quantitative management offered to private and institutional investors for over 25 years. ONE plans to build on this expertise by offering additional investment solutions to private clients and independent asset managers (IAMs).
Lastly, an agreement was signed in
It also marks the next milestone in the Bank’s strategy to expand its international presence and demonstrates its confidence in the Gulf region’s growth and economic stability, and in the future of the
Q2 2021 RESULTS
Operating result close to breakeven. Net loss due to high amortisation expenses
As announced on
Total revenues soared by 161.5% to
As at
Finally, shareholders’ equity as at
INCOME STATEMENT OVERVIEW
(CHF) | Change | % | ||
Net result from interest operations | 1,385,539 | 2,490,928 | +1,105,389 | |
Net result from commission business and services | 3,096,533 | 9,336,894 | +6,240,361 | |
Result from trading activities and the fair value option | 923,285 | 2,201,305 | +1.278,020 | |
Other result from ordinary activities | 898 | 112,168 | +111,270 | |
Total revenues | 5,406,255 | 14,141,295 | +8,735,040 | +161.5% |
Personnel expenses | -3,671,998 | -7,572,368 | -3,900,370 | |
General and administrative expenses | -2,083,156 | - 6,713,285 | -4,630,129 | |
Total operating expenses | -5,755,154 | -14,285,653 | -8,530,499 | +148.2% |
Earnings before interest, taxes, depreciation and amortisation (EBITDA) | -348,899 | -144,358 | +204,541 | +58.6% |
Amortisation and value adjustments | -304,959 | -2,539,836 | -2,234,877 | |
Extraordinary items | - | - | - | |
Taxes | -105,134 | -100,210 | +4,924 | |
Half-year results (profit/loss) | -758,992 | -2,784,404 | -2,025,412 | -266.8% |
For further information, please contact:
Julien Delécraz
Head of Marketing & Communication
investorrelations@oneswiss.com
+41 58 300 78 13
ONE swiss bank SA (
ONE swiss bank is the result of a series of successful mergers of separate entities that have come together to offer a unique and modern private banking experience. The Bank is a blend of private banking tradition and entrepreneurial spirit in a people-focused structure offering asset management and wealth management services to private and institutional clients. With offices in
oneswissbank.com
Attachment
- ONE swiss bank SA - H1 2021 financial results
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