PRESS RELEASE (N° 110)

Bondpartners SA, Lausanne: half-year net consolidated profit rose 50%

The Group posted a half-yearly net consolidated profit which reached CHF 1,71million (vs. a CHF 1,14million profit by the end of June 2013), an increase of 50%.

The consolidated balance sheet’s total reached CHF 174,8million (+22.5% compared to closing of 2013), current assets representing 95% of the latter, namely liquidities and receivables from banks (CHF 88,4million +21%), loans and advances to customers (CHF 20,2million +410%) and securities portfolios (CHF 57,7million +1.5%).

Consolidated shareholders’ equity amounted to CHF 76,5million (same level compared with 2013 closing). Reserves, excluding those for deferred taxes and own shares, reached CHF 73,6million. The adequacy of the basic shareholders’ equity (Tier 1) and that of the additional shareholders’ equity (Tier 1+2), respectively, reached 27% and 40.5%, these figures remaining stable compared to previous deadlines and reports to SNB.

On the subject of consolidated profit and loss accounts, net income from interest differential business posted CHF 1,16million (unchanged with regard to June 2013) and net income from commission business came to CHF 0,73million (+15.5%). Income from securities transactions (dealing and financial investments) as well as results from currency exchange and valuation of equities held on our proprietary accounts also showed some improvement and reached CHF 3,6million (+22%).

Gross income from trading transactions grew 12% for its part, while turnover increased by 50%. Operating expenses rose 6% to CHF 3,4million. The gross profit, before extraordinary income and expenses, remained stable at CHF 2,1million.

Nota Bene: The detail of half-yearly individual accounts was published on July 17, 2014. See press releases N° 109 and 109bis.

Note to the Edit : This press release is broadcast on 12.08.14, out of the Swiss Stock Exchange’s opening hours, in order to comply with the ad hoc publicity principles of its listing Rules. In addition, it has been sent one working day prior to SIX Swiss Exchange.