Refile: Julius Baer posts net profit of $370 million

Julius Baer Gruppe AG

22/07/2025 06:13

Adds missed word in headline

July 22 (Reuters) - Swiss bank Julius Baer BAER.S on Tuesday reported a net profit of 295 million Swiss francs ($370 million) for the first half of 2025, down 35% year-on-year.

The result reflected a previously disclosed increase in loan loss allowances and a charge from the sale of its Brazilian wealth management business, the bank said.

($1 = 0.7975 Swiss francs)

 (Reporting by Ariane Luthi, Editing by Friederike Heine)

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