Julius Baer CFO Evie Kostakis speaks at an analyst call

Julius Baer CFO Evie Kostakis speaks at an analyst call

Julius Baer Group Ltd. (SIX:BAER) reported its first-half (H1) financial results for the year 2025, with Chief Financial Officer Evie Kostakis addressing analysts at a recent call. The Swiss bank's net profit for the period came in at CHF 295 million, a 35% decline from the same period last year, primarily due to loan loss provisions and a CHF 130 million writedown related to its Brazil unit [2].

Evie Kostakis highlighted that the bank has made significant progress on legacy issues and is now focusing on its core wealth management business. The bank's net new money inflows more than doubled year-on-year to CHF 7.9 billion, helping offset some of the headwinds [2].

Total assets under management (AUM) stood at CHF 483 billion at the end of June, down from CHF 497 billion at the end of 2024, due to currency effects and the sale of the Brazilian business in March 2025, despite solid inflows and rising equity markets [2].

The bank's monthly average AUM rose 7% year-on-year to CHF 491 billion, and it reported a CET1 capital ratio of 15.6% and a total capital ratio of 22.3%. Julius Baer remains on track to deliver CHF 130 million in additional gross cost savings by the end of 2025 [3].

Stefan Bollinger, CEO, noted that the bank is in full execution mode of its strategic agenda, focused on its core wealth management lane, balancing sustainable growth and cost discipline with strengthened risk management. The credit review is nearing completion, and no new loan loss allowances were recorded in the first half [2].

The market environment presented a mix of positive and challenging factors, including weaker USD, normalizing CHF and EUR rate curves, and volatility spikes in April. Stock markets recovered after the April decline, and further rate cuts are expected [3].

Julius Baer's results underscore the bank's commitment to strategic transformation and cost efficiency, positioning it to navigate market uncertainties and deliver sustainable growth.

References:
[1] https://www.bloomberg.com/profile/person/20168571
[2] https://www.investing.com/news/earnings/julius-baers-firsthalf-profit-drops-35-on-brazil-exit-loan-provisions-4145082
[3] https://www.marketscreener.com/news/julius-bar-gruppe-prasentation-zum-halbjahresabschluss-2025-en-ce7c5cdcdd80f324