Confirmation of the preliminary figures: the final net profit amounted to CHF 2.5 million (+66%) and the operating result doubled; the total balance sheet reached CHF 122.6 million (with current assets of CHF 113 million and shareholders’ equity of CHF 86.7 million). The simplified leverage ratio (CET1) toughened to 65%, a higher percentage when compared to previous reportings...

As for 2021, Bondpartners’ preliminary and unaudited net income rose 66% compared to previous year to reach CHF 2.5mio. For its part, the operating profit doubled to CHF 4.4mio and costs remained overall contained. While they were still tossed around by the pandemic and its economic repercussions, financial markets continued their recoveries, with some downward movements, influencing favourably income from securities held in positions, whereas results generated by trading operations, even if turnover remained sustained, did not reach the high levels recorded during the previous year. Lastly, our national currency continued to strengthen, the negative impact on assets expressed in foreign currencies was however of lesser importance than in 2020...

Unlike the first six months of the previous year, dealing in bonds decreased in reduced volumes, to the benefit of structured products intermediation, as exchange results suffered less from the appreciation of the Swiss franc and while equity positions held for own account have clearly shown progress in line with the performance of stock markets. Operating costs remained generally contained and operational result reached CHF 3.4m (vs -1m). Total balance sheet amounted nearly to CHF 182.5m (+31.5%) and shareholders’ equity, after distribution, increased to CHF 85.6m (+5.5%). The CET1 capital adequacy ratio stood at 43%.