LONDON: Julius Baer Group Ltd says full-year profit for 2025 will be lower than last year, as it booked a 150 million Swiss franc (US$186mil) loan-loss provision on real estate lending amid an ongoing cleanup of the bank. 

Wealthy clients have added a net 11.7 billion Swiss francs in the 10 months through October, the Zurich-based bank said in its interim statement. That’s higher than in the same period in 2024. Assets under management grew 4% in the first 10 months to 520 billion Swiss francs.