Press releases
BANQUE HERITAGE CONFIRMS ITS GROWTH STRATEGY WITH SOLID RESULTS
The Group increased its assets under management by 19%, further consolidating its positive trajectory.
Geneva, 10 April 2025. Banque Heritage announces solid financial results for 2024, reflecting robust performance and sustained growth in a challenging economic environment. The Group generated consolidated revenues of CHF 76.7 million, an increase of 4%, mainly due to strong net new money inflows. Operating expenses remained under control despite strategic investments to support the long-term growth strategy. Operating profit increased slightly to CHF 17.3 million.
The Group's financial structure remains solid, with a Tier 1 ratio of 21.4%, more than double the minimum threshold required by FINMA, the Swiss supervisory authority, and a liquidity coverage ratio of 327.1% (LCR).
Private banking activities continued to grow, with assets under management increasing by 19% to CHF 4.9 billion. Net new money inflows were CHF 383 million, confirming the Group's positive momentum. This sustained growth demonstrates Banque Heritage's ability to attract new assets, generate solid investment performance, and provide high-end wealth management services to its clients and their families.
The results of our subsidiary in Uruguay followed this positive trend, contributing significantly to the overall result. Banque Heritage (Uruguay) reached an important milestone during the year with the opening of a new office in Punta del Este, one of the fastest growing regions in the country.
"These results demonstrate the know-how and agility of our teams in responding to market challenges. In an uncertain geopolitical environment, we remain true to our family and entrepreneurial values, listening to and collaborating with our clients. Our commitment is clear: to co-create bespoke solutions, adapted to the ever-changing needs of our clients and their families" said Marcos Esteve, CEO of Banque Heritage.
In 2024, the Bank launched a strategic repositioning of its brand, reinforcing its commitment to a personalised approach, tailor-made investment solutions, and a long-term relationship with its clients. This initiative is part of a long-term vision, supported by a strong narrative and core values such as curiosity, passion, and ambition.
Banque Heritage reaffirms its commitment to providing world-class financial services, with a focus on performance and client satisfaction.
Press:
|
BANQUE HERITAGE Sylvia Demeyrier +41 58 220 0312 |
VOXIA Thomas Blozovski +41 22 591 22 81 thomas.blozovski@voxia.ch |
ABOUT BANQUE HERITAGE
Banque Heritage is a private Swiss banking group based in Geneva, with offices in Basel, Sion and Zurich and a fully owned subsidiary in Montevideo, Uruguay. The origins of the bank go back to the commodities trading activities where the family businesses are amongst global market leaders. The Bank provides a full range of services, from traditional private banking and wealth management for its founding families, its entrepreneurial and individual clients, to solutions for external asset managers, family offices and fund representatives.
Download the press release: Annual results 2024
April 10, 2025
Press releases
Press releases
Banque Heritage further expands its Private Banking teamsBanque Heritage strengthens its teams with the arrival of three new Client Relationship Managers in Geneva and Zurich. These strategic recruitments aimed at supporting the growth and development of the Private Banking business.
December 05, 2024
Press releases
Press Release on Mid-Year Results 2024BANQUE HERITAGE CONTINUES ITS GROWTH WITH SOLID HALF-YEAR RESULTS
July 19, 2024