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HSBC Guyerzeller Bank AG

HSBC Guyerzeller Bank AG Posts Record Annual Results

Zurich (ots)

HSBC Guyerzeller Bank AG, a Swiss private bank with
offices in Zurich, Geneva, Istanbul and Hong Kong, has once again
posted record annual results. In 2007, gross earnings grew almost 18
per cent to CHF 96.9 million and net profit reached an all-time high
of CHF 82.8 million. These results exceed the already excellent
results posted for 2006.
Net new money coming into the bank at the end of 2007 stood at CHF
1.13 billion. In addition to an increase in the value of customer
portfolios by CHF 870 million, assets under management went up 7.4
per cent from CHF 27.0 billion to CHF 29.0 billion over the same
period.
The bank's cost/income ratio once again fell by one point to 59.0
per cent. Total operating expenses, including variable business
components, rose by 9.3 per cent. In order to secure sustained
growth, headcount was adjusted accordingly which lead to an increase
in the cost base.
Due to an optimised investment strategy, HSBC Guyerzeller Bank AG
remains confident that it can continue to grow during 2008 and
successfully navigate the current global economic uncertainties.
HSBC Guyerzeller Bank AG
HSBC Guyerzeller Bank AG is a Swiss private bank that specialises
in asset management for wealthy, sophisticated clients. The bank was
founded in 1894 and today employs around 360 people in the financial
centres of Zurich, Geneva, Istanbul and Hong Kong.
HSBC-Group
HSBC Holdings plc has its headquarters in London. The group has
offices throughout the world and posted record figures for 2007 with
a pre tax profit of US$ 24,212 million. With assets of some US$ 2,354
billion at 31 December 2007, HSBC-Group is one of the world's largest
banking and financial services organisations. HSBC-Group is marketed
worldwide as ‚The world's local bank'.

Contact:

Dr. Heinrich Baumann
Chairman of the Executive Committee
Tel.: +41/58/206'73'99

Dr. Martin Jetzer
Senior Economist and Strategist
Tel.: +41/58/206'72'47

Weitere Storys: HSBC Guyerzeller Bank AG
Weitere Storys: HSBC Guyerzeller Bank AG
  • 03.04.2007 – 15:00

    HSBC Guyerzeller Bank posts strong results for 2006

    Zurich (ots) - HSBC Guyerzeller Bank AG, a Swiss private bank with offices in Zurich, Geneva, Istanbul and Hong Kong, has produced record figures for 2006. Gross earnings were up by almost a third at CHF 82.2 million, and net profit reached a record CHF 72.8 million. The bank remains confident for 2007. HSBC Guyerzeller Bank recorded excellent results for 2006, following an already good year in 2005. Gross earnings ...

  • 11.07.2006 – 10:40

    HSBC Guyerzeller Bank gets new CEO

    Zurich (ots) - HSBC Guyerzeller Bank is to get a new Chief Executive Officer. The change in the top operational management of the long-established private bank was prompted by the ill health of the present CEO, Ilan Hayim. Heinrich Baumann, the current Chief Operating Officer and Deputy CEO, will take the helm at the bank on 11 July 2006. Ilan Hayim will withdraw from his operational duties at HSBC Guyerzeller Bank and will in future serve as Vice Chairman on the Board of ...

  • 05.07.2006 – 09:22

    HSBC Group is building a new Trust Company in Switzerland

    Zurich/Geneva (ots) - HSBC Guyerzeller Bank AG and HSBC Private Bank (Suisse) SA will join their capabilities in the "Trust" and "Fiduciary Services" domains into a new specialised entity named HSBC Guyerzeller Trust Company AG. It is HSBC Group's clear intention to become one of the foremost providers in this field in Switzerland. HSBC Guyerzeller Bank's Konrad K. Häuptli has been appointed CEO of the new Trust ...