The preliminary figures are higher than the previous year, in particular thanks to the reinstatement of a subsidiary in the accounts of the parent company. The improvement of trading operations as well as the good performance of nostro portfolios participated also in the positive evolution of profits.

For the year ended 31st December 2012, Bondpartners SA hereby announces a preliminary and nonaudited profit of CHF 2.59m, or an increase of 41% of the net result when compared with 2011.
The gross income amounted to CHF 12.4m (vs -0.07m in 2011). New creation of value adjustments and provisions reached CHF 8.75m while in 2011 the reversal for provisions reported in profit and loss account amounted to CHF 2.4m. As a reminder, the repatriation in Switzerland of Bondpartners International Ltd’s assets and activities, with the aim of strengthening individual shareholders’ equity, generated an income from holdings reaching about CHF 8m. Finally, including currency effects, the turnover increased 20%.
The total balance sheet gained 2% to CHF 136.9m, with current assets making up 93% of the latter (namely, liquidity with first grade institutions: 17,5%, due from banks: 31,5%, securities portfolio: 46,5%). Value adjustments and provisions increased by 42% to CHF 29.5m. The non consolidated shareholders’ equity rose 3% and comes in at CHF 54.3m. The parent company’s solvency ratio (Tier One, according to Basel II principles) remains stable and stands at 24% (incl. Tier Two: 39%).

On a consolidated basis, the net profit reached CHF 3.3m (vs CHF 2.2m in 2011) while the balance sheet decreased by 1% to CHF 131.8m. The Group’s shareholders’ equity exceeded CHF 75m (+4,5%) after deduction of the reserve for own shares (CHF 4.25m) and of that for latent taxes (CHF 6.3m). In accordance with Basel II, eligible and required consolidated capitals respectively reached CHF 75.4m and CHF16.4m.

About Bondpartners: BPL is a Swiss financial company founded in 1972 in Lausanne, whose business hinges on three main axes: the inter-professional dealing of securities, the market making and market keeping, and the execution of orders issued by independent managers. It is authorized and supervised by the Swiss Financial Market Supervisory Authority (FINMA) as a dealer in securities.

Christian Plomb
Tel. +41 021 613 43 43