Stable Lombard Odier with strong investments in the 1st half

Geneva (AWP) – The Geneva banking group Lombard Odier has seen its operating profit swell. However, but net profit drops to the first half, investments in banking technology and costs of the new seat, whose move is imminent, having weighed. For example, The establishment focuses on the diversification of portfolios, with regions and classes of international resistant assets.

From January to the end of June. Consequently, operational income established 678 million Swiss francs, up 2% over a year, reports a statement published Thursday. In addition, The result of commission operations has notably increased by 6%.

The operating expenses were lighter by 1% to 532 million. Moreover, allowing in particular to operate to increase from 19% to 139 million. But net profit fell 4% to 111 million, “compared to the first half of 2024 positively impacted by extraordinary products”, specifies the bank.

At stable lombard odier strong investments new the end of June. groups under management of the group amounted to 211 billion Swiss francs, down 2% compared to the end of December. The “significant net contributions. the positive performance of the markets” could not counterbalance a negative exchange effect due to the weakening of the dollar from the franc, explains the bank. Total assets were 323 billion.

At the end of the period under review, the first category (CE1) equity ratio amounted to 33.6%.

International more resistant investments

“Our customers continue to trust us, appreciating (.) The stability of our governance model, in particular in volatile market phases”, underlines Hubert Keller, senior partner.

For 2025. the Management does not give an encrypted forecast, but ensures maintaining its investment strategy and maintaining high diversification within portfolios, “by selecting the regions and asset classes capable of resisting the overhaul of trade and international relations”.

“The recent trade agreements have dissipated certain major uncertainties, supporting global stable lombard odier strong investments new growth,” adds Lombard Odier. “Nevertheless. the impact of customs duties should be cleared in the second half, with an economic slowdown in the United States.”

In September. the active bank for 229 years will leave its historic premises on the rue de la Corracy to inaugurate its new headquarters located in Bellevue. “A significant. necessary cost which, as well as investment in our owner banking technology, position us in a favorable way for the continuation of our growth,” the bank told the AWP agency.

As of June 30, the group had 2920 employees in its ranks and had 28 offices divided into 19 jurisdictions.

IB/al