What was the amount of the writedown announced by Julius Baer?

Julius Baer announced a writedown of 130 million Swiss francs, which is approximately $156.36 million.

How did the market react to Julius Baer's writedown announcement?

Shares in Julius Baer fell by 5.8% after the announcement, and trading was briefly suspended.

What was the reason behind the writedown?

The writedown followed a review of the bank's credit portfolio and was related to losses in the private debt book.

Is there any update on the ongoing enforcement procedure by FINMA?

Julius Baer could not comment on when FINMA would publish results of the ongoing enforcement procedure that became public in February.

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Home > Finance > Julius Baer $156 million writedown sends shares down more than 5%

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Julius Baer $156 million writedown sends shares down more than 5%

Q: What did CEO Stefan Bollinger say regarding future credit losses?

CEO Stefan Bollinger stated that the bank does not expect additional major credit losses based on current findings.

Published by Global Banking & Finance Review®

Posted on May 21, 2025

2 min read

Last updated: January 23, 2026

Julius Baer $156 million writedown sends shares down more than 5% - Finance news and analysis from Global Banking & Finance Review

Julius Baer Faces 5% Drop After $156 Million Writedown Announcement

ZURICH (Reuters) -Julius Baer's announcement of a 130 million Swiss franc ($156.36 million) writedown sent the Swiss bank's shares tumbling more than 5% on Wednesday, putting it on the back foot as its new management seeks to turn the page on past setbacks.

Julius Baer revealed the net charge late on Tuesday after a review of its credit portfolio. The hit followed losses of 586 million Swiss francs which the bank made public early last year, leading to the management shake-up.

The writedown was in an interim management statement for the first four months of 2025 in which the bank said Ivan Ivanic would replace Oliver Bartholet as chief risk officer.

Addressing the writedown, CEO Stefan Bollinger said the bank does not expect additional major credit losses.

"While the review is ongoing, based on our findings to date, we do not expect to uncover additional material idiosyncratic risks that could lead to significant credit losses," Bollinger told reporters on a media call.

Shares in the Zurich-based lender and wealth manager fell 5.8% after opening and trading was briefly suspended.

"The large increase in credit provisions is a negative surprise," Vontobel analyst Andreas Venditti said in a note. The bank's lending business might need to undergo further refinements, he added.

The 130 million francs in credit losses were across the remainder of the private debt book that the bank wound down ahead of plan and certain positions in the market book which it was reviewing, said Julius Baer Chief Financial Officer Evie Kostakis.

"We can confirm that it's several facilities across several clients across the remainder of the private debt book and the mortgage book," she added.

Kostakis said Julius Baer could not comment on when Swiss financial market regulator FINMA would publish results of an ongoing enforcement procedure that became public in February.

The matter was in FINMA's hands, she said, reiterating the bank did not envisage any share buyback programs before the review was complete.

(Reporting by Ariane Luthi, editing by Dave Graham, Rachel More and Jan Harvey)

Julius Baer $156 million writedown sends shares down more than 5%

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Julius Baer Faces 5% Drop After $156 Million Writedown Announcement

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