Julius Baer announces further loan loss allowances of $184 million

Julius Baer Gruppe AG

24/11/2025 06:05

ZURICH, Nov 24 (Reuters) - Julius Baer BAER.S on Monday announced further loan loss allowances of 149 million Swiss francs ($184 million) that will be recognised in the financial accounts in November 2025.

The group has now completed its credit review and decided to manage down a subset of loan book positions, which are not aligned with its refocused strategy and revised risk appetite framework, the Swiss bank said.

($1 = 0.8078 Swiss francs)

 (Reporting by Ariane Luthi, Editing by Friederike Heine)

 ((Ariane.Luthi@thomsonreuters.com;))