EQS-Adhoc : Record-high net profit on the back of -2-

Since the end of 2020, total assets rose by 4% to CHF 114 billion. Client releveraging was reflected in an increase in 
loans by 8% to CHF 51 billion - comprising CHF 43 billion in Lombard loans (+11%) and CHF 8 billion in mortgages (-4%). 
The due to customers position (deposits) rose by 3% to CHF 80 billion. As a result, the loan-to-deposit ratio went up 
to 64% (end of 2020: 61%). Cash held at central banks in Switzerland and Europe grew by 14% to CHF 17 billion, and 
financial assets measured at FVOCI (treasury book) by 1% to CHF 14 billion. Equity attributable to shareholders of 
Julius Baer Group Ltd. grew by 5% to CHF 6.7 billion. 
Strongly capitalised 
BIS CET1 capital rose by CHF 0.4 billion, or 13%, to CHF 3.6 billion, on the back of the significantly increased net 
profit. The CET1 capital build was additionally helped by the positive impacts of CHF 75 million from 
currency-translation differences (as a result of the weakened Swiss franc) and CHF 59 million from a remeasurement of 
the Group's defined-benefit obligations. At the same time, CHF 146 million of CET1 capital was used to fund the share 
buy-back programme in the first half of 2021. Dividend is accrued during the year at a rate in line with the Group's 
dividend policy. 
Risk-weighted assets (RWA) grew by CHF 0.3 billion, or 2%, to CHF 21.5 billion. Credit risk positions increased by 1% 
to CHF 13.9 billion, operational risk positions by 2% to CHF 5.8 billion and market risk positions by 6% to CHF 1.2 
billion. Non-counterparty-related risk positions declined by 5% to CHF 0.5 billion. 
As a result, the BIS CET1 capital ratio strengthened further to 16.7% at the end of June 2021 (end of 2020: 14.9%), and 
the BIS total capital ratio went up to 22.8% (end of 2020: 21.0%). 
The leverage exposure increased by 9% to CHF 117 billion, resulting in a Tier 1 leverage ratio of 4.1% (end of 2020: 
4.0%). The temporary exclusion of central bank reserves from the calculation of the leverage ratio ended on 1 January 
2021. 
At these levels, the Group's capitalisation continued to be solid: the CET1 and total capital ratios remained well 
above the Group's own floors of 11% and 15%, respectively, and significantly in excess of the regulatory minimums of 
7.9% and 12.1%, respectively. The Tier 1 leverage ratio continued to be comfortably above the 3.0% regulatory minimum. 
Share buy-back programme 
On 2 March 2021, the Group commenced the execution of a new programme to buy back Julius Baer Group Ltd. shares up to a 
purchase value of CHF 450 million. The programme runs until the end of February 2022. By the end of June 2021, a total 
of 2,439,000 shares had been repurchased at an aggregate acquisition cost of CHF 146 million. 
The cancellation of the 2,585,000 shares repurchased under the previous share buy-back programme (launched in November 
2019 and terminated at the end of February 2021) was executed on 1 July 2021. The registered share capital of Julius 
Baer Group Ltd. now amounts to CHF 4,424,488.96, divided into 221,224,448 registered shares with a par value of CHF 
0.02 each. 
*) Fair value through profit or loss 
**) Fair value through other comprehensive income 
 
The results conference will be webcast at 8.30 a.m. (CEST). All documents (presentation, Business Review First Half 
2021, Half-Year Report 2021, spreadsheets, Alternative Performance Measures document, and this media release) are 
available at www.juliusbaer.com. 
 
Documents 
  . Media Release & Key Figures 
  . Half-year Presentation 2021 
  . Julius Baer Group Business Review First Half 2021 (pre-print) 
  . 2021 Half-year Report Julius Baer Group Ltd. 
  . Alternative Performance Measures Half-year 2021 
  . Historical Timeseries First Half 2021 
 
Contacts 
Media Relations, tel. [phone] 
Investor Relations, tel. [phone] 
Important dates 
22 November 2021: Publication of Interim Management Statement for first ten months of 2021 
2 February 2022: Publication and presentation of 2021 full-year results, Zurich 
21 March 2022: Publication of Annual Report 2021 including Remuneration Report 2021 
21 March 2022: Publication of Corporate Sustainability Report 2021 
12 April 2022:  Annual General Meeting, Zurich 
 
About Julius Baer 
Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on 
servicing and advising sophisticated private clients. In all we do, we are inspired by our purpose: creating value 
beyond wealth. At the end of June 2021, assets under management amounted to CHF 486 billion. Bank Julius Baer & Co. 
Ltd., the renowned Swiss private bank with origins dating back to 1890, is the principal operating company of Julius 
Baer Group Ltd., whose shares are listed on the SIX Swiss Exchange (ticker symbol: BAER) and are included in the Swiss 
Leader Index (SLI), comprising the 30 largest and most liquid Swiss stocks. 
Julius Baer is present in over 25 countries and more than 60 locations. Headquartered in Zurich, we have offices in key 
locations including Dubai, Frankfurt, Geneva, Hong Kong, London, Luxembourg, Mexico City, Milan, Monaco, Montevideo, 
Moscow, Mumbai, São Paulo, Singapore and Tokyo. Our client-centric approach, our objective advice based on the Julius 
Baer open product platform, our solid financial base and our entrepreneurial management culture make us the 
international reference in wealth management. 
For more information, visit our website at www.juliusbaer.com 
Cautionary statement regarding forward-looking statements 
This media release by Julius Baer Group Ltd. ('the Company') includes forward-looking statements that reflect the 
Company's intentions, beliefs or current expectations and projections about the Company's future results of operations, 
financial condition, liquidity, performance, prospects, strategies, opportunities and the industries in which it 
operates. Forward-looking statements involve all matters that are not historical facts. The Company has tried to 
identify those forward-looking statements by using the words 'may', 'will', 'would', 'should', 'expect', 'intend', 
'estimate', 'anticipate', 'project', 'believe', 'seek', 'plan', 'predict', 'continue' and similar expressions. Such 
statements are made on the basis of assumptions and expectations which, although the Company believes them to be 
reasonable at this time, may prove to be erroneous. 
These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause 
the Company's actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as 
well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested 
by, these forward-looking statements. Important factors that could cause those differences include, but are not limited 
to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic 
conditions in Switzerland, the European Union and elsewhere, and the Company's ability to respond to trends in the 
financial services industry. Additional factors could cause actual results, performance or achievements to differ 
materially. In view of these uncertainties, readers are cautioned not to place undue reliance on these forward-looking 
statements. The Company and its subsidiaries, and their directors, officers, employees and advisors expressly disclaim 
any obligation or undertaking to release any update of or revisions to any forward-looking statements in this media 
release and any change in the Company's expectations or any change in events, conditions or circumstances on which 
these forward-looking statements are based, except as required by applicable law or regulation. 
=---------------------------------------------------------------------------------------------------------------------- 
End of ad hoc announcement 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Julius Baer Group Ltd. 
              Bahnhofstrasse 36 
              8010 Zurich 
              Switzerland 
Phone:        [phone] 
E-mail:       [e-mail] 
Internet:     www.juliusbaer.com 
ISIN:         CH0102484968 
Listed:       SIX Swiss Exchange 
EQS News ID:  1220489 
 
End of Announcement EQS Group News Service 
=------------ 

1220489 21-Jul-2021 CET/CEST

 
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(END) Dow Jones Newswires

July 21, 2021 01:01 ET (05:01 GMT)