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  1. Wealth
April 28, 2009

WBrief: SBP’s profits down 73 per cent

By Spear's

Genevan bank Societe Bancaire Privee has reported operating profit down 73 per cent last year to SFr911,000 ($794,000) on revenues from interest, commissions and services 23 per cent lower at SFr18.0 million.

From Wealth Briefing:

Genevan bank Societe Bancaire Privee has reported operating profit down 73 per cent last year to SFr911,000 ($794,000) on revenues from interest, commissions and services 23 per cent lower at SFr18.0 million.

Client assets slid 34 per cent to SFr1.0 billion, with discretionary mandates plunging 80 per cent to SFr30 million. New money amounted to SFr57 million, after outflows of SFr206 million the previous year.

To read the full story, visit wealthbriefing.com

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