The bank, UBS, made a profit of nearly USD 8bn last year, around CHF 6bn, comfortably beating analysts’ expectations.
The bank’s head, Sergio Ermotti, called it an excellent result, marking a sharp increase on the previous year.
Shareholders are set to benefit, with UBS proposing a higher dividend of $1.10 per share.
Assets under management have also topped 7 trillion dollars for the first time.
Geneva hosts two vital diplomatic meetings today
For at least 48 hours, Geneva becomes the world’s diplomatic epicentre, hosting two sets of high-stakes talks at the same time.
Snowfall grips Alps - high avalanche warnings almost everywhere
Heavy snowfall is tightening its grip across the Swiss Alps, triggering deadly avalanches and major disruption.
Snow derails train - injures 5
A train derailed near Goppenstein in canton Valais after an avalanche swept across the line yesterday morning.
Train travel remains disrupted in Lausanne
Train travel between Geneva and Lausanne remains problematic today.
High franc - high cost for business
Pressure is mounting on the Swiss national bank to intervene to slow the franc's relentless rise.
Economy grows a little
Switzerland’s economy edged up by 0.2 per cent in the fourth quarter, according to an initial estimate from the State Secretariat for Economic Affairs.
