After announcing improvements for the first half year, the private bank has now posted its definitive results for this year's past two quarters.
One Swiss Bank minimized the negative impact of market turmoil and narrowly missed its targets for assets under management (AuM) in the first half of 2022, it said in an emailed statement Tuesday.
AuM were impacted by the difficult market environment and the strong Swiss franc, resulting in a decrease of 361 million francs from the previous quarter, it said.
In the first half of 2022, earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 1.2 million francs, net of an unrealized loss of 771 thousand francs on own investments.
Unpredictable Second Half
After depreciation and amortization of over 2 million francs, the net loss came to 847 thousand francs, compared to a 2.78 million franc loss in the first half of 2021, it said.
According to the bank's management, the second half of this year remains unpredictable.
