Annual results 2013 / Union Bancaire Privée increases assets under management by 10%

Geneva (ots) -

- Union Bancaire Privée, UBP SA (UBP) has announced a 10%
year-on-year rise in its assets under management to CHF 87.7
billion (USD 98.6 billion) as at 31 December 2013 (CHF 80 billion
at the end of 2012).

- The Group's operating profit came to CHF 218.3 million (USD
245.5 million), up more than 20% on the previous year, attesting
to the business' good health. UBP's consolidated net profit
came to CHF 152 million (USD 171 million) after provisions
(compared with CHF 175 million at the end of 2012).

- The increase in the operating result is attributable to net
inflows of funds from private and institutional clients, as well
as to sound asset management performances and to the effects of
the post-acquisition synergies.

- The Bank's financial base is sound, with a Tier 1 ratio of 29%,
making it one of the best-capitalised Swiss banks.

"In the midst of the industry's mutations and consolidations, UBP
can rely on its sound client-acquisition strategy, its high-
performance range of products and efficient services, and its teams'
unwavering efforts to meet all its clients' needs", says Guy de
Picciotto, UBP's CEO.

Increasing assets and improving results

The Bank expanded its assets under management and increased its
operational results in 2013. Assets under management amounted to CHF
87.7 billion as at 31 December 2013, up 10% on the previous year.
The Group's operating profit grew by 20%, to CHF 218.3 million, up
from CHF 181.4 million the year before. UBP's consolidated net profit
came to CHF 152 million after provisions (13% lower than the CHF 175
million at the end of 2012). The operational integration of Lloyds
having become effective on 1 November 2013, the synergies will come
into effect over the first half of 2014.

The year's income was CHF 694 million (USD 780 million), up
from CHF 691 million a year earlier, with a CHF 14 million (9%)
fall in the interest margin, offset by a CHF 25.5 million (6%) rise
over the year in commissions to CHF 460.6 million (USD 517.9
million). The synergies following the earlier acquisitions reduced
operating expenses by 6.6%, to CHF 475.4 million (USD 534.6 million),
year on year. The Group's consolidated cost/income ratio is 68.5%,
confirming the Group's profitability.

About Union Bancaire Privée (UBP)

UBP is one of Switzerland's leading private banks, and is among
the best-capitalised, with a Tier I ratio of 29%. The Bank is
specialised in the field of wealth management for both private and
institutional clients. It is based in Geneva and employs about 1,350
people in some twenty locations worldwide; it held CHF 87.7 billion
(USD 98.6 billion) in assets under management as at 31 December
2013. www.ubp.com

For any further information, please contact:
Jérôme Koechlin - Head of Corporate Communications:
Tel. +41 58 819 26 40, e-mail jko@ubp.ch