Annual Report

The report records Valartis Group's return to profitability in 2012, with net profit of CHF 10.2 million after a 2011 loss. Client net new money inflows reached CHF 929 million and total client assets rose 14 per cent to CHF 7.8 billion. The Group sold its strategic stake in Eastern Property Holdings as part of its continued focus on private banking, while general and administrative expenses fell 16 per cent year over year. It reported a year-end BIS Tier 1 ratio of 13.3 per cent.