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2016-02-02

Union Bancaire Privée: UBP increases its AuM by 11.5%, while limiting the impact of the strong Swiss franc on its operating results

Union Bancaire Privée / UBP increases its AuM by 11.5%, while limiting the
impact of the strong Swissfranc on its operating results . Processed and
transmitted by NASDAQ OMX Corporate Solutions.The issuer is solely
responsible for the content of this announcement.
Press release

Annual results 2015

Union Bancaire Privée increases its assets under management by 11.5%, while
limiting the impact of the strong Swiss franc on its operating results
Geneva, 2 February 2016

* Assets under management of Union Bancaire Privée, UBP SA ("UBP") rose by
11.5% to CHF 110 billion as a result of inflows from institutional clients,
and those coming from the Coutts EMEA (Europe, Middle East&Africa)
acquisition.
* Theoperating result (excluding restructuring costs and provisions) reached
CHF 152 million (CHF 163 million at the end of 2014); a slight decline in a
period of particularly challenging circumstances, due mainly to negative
interest rates and currency effects.
* Taking into account the one-off costs related to the integration of Coutts
EMEA, and the settlement with US Department of Justice's Swiss Bank Program
(USD 188 million),net profit amounted to CHF 25.2 million.

Results affected by exceptional factors

Business revenue remained
stable, reaching CHF 750 million, compared with CHF 768 million at the end of
2014, despite particularly difficult market conditions, including renewed
volatility, negative interest rates and a very strong currency. The 2.4%
increase inoperating expenses
was modest considering the Coutts EMEA integration costs and the substantial
investments made for implementing new regulations.

As at 31 December 2015,assets under management
stood at CHF 110 billion. This 11.5% increase on the previous financial year
is due to net inflows from institutional clients, as well as those clients
acquired from Coutts EMEA. Total net inflows amounted to CHF 15.7 billion,
which compensated the impact of market volatility and the strong Swiss franc,
the combined impact of which is estimated at nearly CHF 4 billion.

"Our operating result reflects the resilience of our Private Banking and Asset
Management businesses despite the difficult market conditions, thanks mainly
to our costs being well controlled as well as a sharp increase in our assets
under management", explains Guy de Picciotto, UBP's CEO.

Solid equity base

Following the Coutts EMEA acquisition, UBP has a Tier 1 ratio of 24%, well
above the minimum required by Basel III and by the FINMA. UBP remains one of
the best-capitalised banks, with the means to further develop its wealth
management business for both private and institutional clients.

For any further information

Bernard Schuster - Group Head of Communications, tel.: +41 58 819 24 70,
e-mail:bernard.schuster@ubp.ch

About Union Bancaire Privée (UBP)

UBP is one of Switzerland's leading private banks, and is among the
best-capitalised, with a Tier I ratio of 24% as at 31 December 2015. The Bank
is specialised in the field of wealth management for both private and
institutional clients. It is based in Geneva and employs around 1,450 people
in some twenty-five locations worldwide; it held CHF 110 billion in assets
under management as at 31 December 2015.
www.ubp.com

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Union Bancaire Privée via Globenewswire

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