Record adjusted net profit CHF 404 million - Net inflows 6.1%, above target range - Cost/income ratio 69% - Capital ratios further strengthened (1) Assets under management (AuM) CHF 355 billion, up CHF 19 billion, or 6%, from the end of 2016. Net new money over CHF 10 billion, or 6.1% annualised, exceeding the 4-6% target range, underlining the success of the organic growth initiative. Operating income CHF 1,592 million, an increase of 12% compared to the first half of 2016 (H1 2016). Resilient gross margin at 92 basis points (bps). Adjusted operating expenses 17% higher at CHF 1,098 million. Adjusted cost/income ratio (2) 69.1%, compared with 64.7% in H1 2016, and a clear improvement from...
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