Swiss Bank Says It Will Add To Regulatory Capital, Flags Earnings Result

Editorial Staff

11 July 2022

, the Zurich-listed firm operating in Switzerland and with a Dubai subsidiary, last week said it will strengthen the amount of equity capital required by regulations after saying it is likely to report “positive earnings” on 13 July. The results date has been brought forward from 28 July.

The firm said it expects to report earnings before interest, taxes, depreciation and amortisation (EBITDA) of SFr-144,000 and “net results” of SFr-2.78 million for the period ending on 30 June 2022. The figures are an improvement on the period ending on 30 June a year ago, it said in an emailed statement.

Listed on the Swiss stock exchange SIX, ONE swiss bank has been built from a number of mergers, and has offices in Geneva, Lugano, Zurich and a subsidiary in Dubai. Last year it acquired Falcon Private Wealth Ltd (FPW), building its Dubai presence. That entity had been working in the Middle East since 2009. In another deal last year, the merger between Banque Profil de Gestion and ONE swiss bank was executed in June 2021.

ONE Swiss Bank was born from the merger between the family-owned private banks GS Banque, founded in 2004 under the name Banque Bénédict Hentsch & Cie, then renamed Geneva Swiss Bank in 2014, and Banca Arner, founded in 1984.