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Julius Bär Gruppe (BAER) investor relations material
Julius Bär Gruppe Trading Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Trading Update summary24 Nov, 2025
Credit review and risk management
Completed a comprehensive credit review, resulting in CHF 149 million in additional loan loss allowances for legacy real estate loans originated before 2023, now being managed down.
Allowances align with the revised risk appetite and strategy shift announced in June, with a strengthened risk management team and framework.
The affected loan book is about CHF 700 million, mainly income-producing residential and commercial real estate, with the total mortgage book at CHF 9 billion and overall LTV below 50%.
Lombard and traditional residential mortgage portfolios confirmed as resilient and well-collateralised.
Remaining income-producing and commercial real estate loans represent about a quarter of the mortgage book, including the CHF 700 million under review.
Operating performance and financials
Achieved record assets under management of CHF 520 billion by October 2025, with net client inflows of CHF 12 billion and strong market performance.
Gross margin stable at 83 basis points; underlying cost-to-income ratio improved to 66%, down five percentage points year-to-date.
Efficiency program on track to deliver CHF 130 million in gross savings by year-end, exceeding the original target by CHF 20 million.
CT1 capital ratio increased to 16.3% at end-October, up 210 basis points since the start of the year, and total capital ratio at 22.9%.
Tier 1 leverage ratio remained at 4.9%, exceeding the 3.0% regulatory minimum.
Strategic and organizational updates
Victoria McLean appointed as Chief Compliance Officer, joining the Executive Board in February 2026, pending regulatory approval.
Revised compensation framework for relationship managers implemented, aligning incentives with bank and shareholder interests.
New leadership in Switzerland and expansion with new offices in Lisbon and planned opening in Abu Dhabi, following Milan.
Ongoing transformation and franchise investments are front-loaded, with major cost and payoff steps expected in 2026–2027.
Consideration of moving to quarterly reporting is underway, with a decision pending.
Impact of new risk appetite on real estate lending
Explain underlying vs. reported net profit outlook
Purpose of new risk organization structure
How does new risk appetite impact future lending?
Outlook for net RM growth beyond 2025?
Is current CIR a good base for future costs?
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Next Julius Bär Gruppe earnings date
H2 20252 Feb, 2026
Next Julius Bär Gruppe earnings date
H2 20252 Feb, 2026
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Frequently asked questions
Julius Bär Gruppe AG provides wealth management services to private clients and family offices. The company offers portfolio management, investment advisory, financing, and wealth planning. It operates internationally with a focus on discretionary and personalized financial services. The company is headquartered in Zurich, Switzerland, and its shares are listed on the SIX.
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