For the quarter ended on 30 June 2012, the banker registered CHF266.4m ($268.8m) profit before taxes, with an increase of 15.4% from profit before taxes of CHF230.8m ($232.9m) during the same period last fiscal.
Its operating income for the second three months of 2012 declined by 4% to CHF863.1m ($871m) compared to an operating income of CHF897.8m ($905m) during the same period a year ago.
The company registered 5% growth in its asset under management (AMU), which stood at CHF178.8m ($180.4m) compared to an AUM of CHF165.6m ($167m) during the same period of 2011.
Julius Baer Group chief executive officer Boris FJ Collardi said Julius Baer’s growth strategy remained well on track in the first half of 2012 as evidenced by the strong net new money inflows.
"At the same time, the ongoing economic and political uncertainty, dominated by the eurozone crisis, continued to frame the market environment," Collardi added.
"Against this background, our clients maintained their overall cautious investment stance leading to relatively restrained transaction and trading activity. Despite the impact of these developments on revenues, we largely defended our profitability on account of continued cost containment and careful allocation of resources."
