Its net income figure is now CHF31.6bn (£25.5bn), while gross assets under management (AUM) sits at CHF33.1bn, comprised of CHF25bn from wealth management and CHF8.1bn in asset management, including CHF3.2bn of double-counted assets.
AUM totalled CHF31.6bn in 2015.
The group said in keeping with its long-term vision, it “will make further carefully selected investments in 2017 in order to continue to offer its clients services of the highest quality.”
Mirabaud said over the past 15 years, trends in its assets under administration reflected “stable and steady growth”.
Revenue was stable at CHF289m with net interest income of CHF24.1m, while fee and commission income was CHF227.7m.
Operating expenses before depreciation, amortisation and tax (EBITDA) were CHF244.4m, compared with CHF250.5m last year, which Mirabaud said was achieved through “continued vigilance on costs”.
Yves Mirabaud, senior managing partner, said: “In a competitive environment dominated by new regulatory requirements, our results reflect the good performance of our businesses.
“Our international expansion strategy continues to bear fruit, as we are pursuing growth in all the markets in which Mirabaud operates.”
Its consolidated assets were CHF4.32bn, two-thirds of which were held with the Swiss National Bank or invested in “highly rated short-term government bonds, which ensure liquidity and security. Liabilities consisted mostly of customer deposits”.
Mirabaud has a “stable” tier 1 ratio of 20%, which it said was “well above” the minimum requirement under Basel III.
