The wealth manager exceeded its own expectations following its merger with a rival last year. The costs of doing so continue to weigh on its results.
The Geneva-based firm, the result of last year's merger of One Swiss Bank in Lugano and Geneva's Banque Profil de Gestion (BPDG), gave a hint of its financial results (in French) following the deal on Monday.
The bank said its earnings before interest, tax, depreciation, and amortization, or EBITDA, will be positive. Its net result however will be lower than in 2020 due to various write-downs triggered by the merger. Its capital position had improved since the deal.
One Swiss bank, which also has offices in Zurich and in Dubai, presents full results in March. It manages 5 billion Swiss francs ($5.5 billion) in assets.
