SHARIAH NEWS COULD ALSO LAND SOON5 May 2023 12:23
https://www.supplymecapital.com/what-we-do/
For investors interested in a Shariah compliant asset class, the Global Inventory programme will launch a dedicated compartment arranged by Reyl-Intesa Sanpaolo3, as announced by the Company in the RNS of 23 November 2021.
https://www.reyl.com/en?gclid=Cj0KCQjwxtSSBhDYARIsAEn0thRy8_j1oI1I_AdRPrv0yYg9SwNfLUd8mua3a-TlX6q150KkKIzkFz8aAorpEALw_wcB
https://www.reyl.com/en/groupe/objectives.html
https://cdn.reyl.com/sites/default/files/2022-04/Annual_report_2021_1.pdf
2021, which was impacted for the second consecutive year by the
Covid-19 pandemic, saw some major developments for REYL & Cie Ltd
(the "Bank") and its subsidiaries in Switzerland and abroad (together
the "Group"). It also marked the beginning of a new era in the
Group’s history following the finalisation of its strategic partnership
with Fideuram - Intesa Sanpaolo Private Banking (“Fideuram - ISPB”),
a major player in European banking. The successful external growth
transactions with Obviam SA and 1875 Finance Holding SA completed
this exceptional year.
Within the framework of this major strategic repositioning, which forms
part of an investment cycle that began in 2018, the Bank and the Group
achieved satisfying results.
The Group’s business as of 31 December 2021 shows an increase in
assets under administration to CHF 26.4 billion (+70% compared to the
previous year), accounting for the inclusion in the consolidation scope of
subsidiaries Intesa Sanpaolo Private Bank (Suisse) Morval SA (“ISPBM”)
and Obviam SA. The net new money amounted to CHF 1.3 billion.
Adding the assets managed by 1875 Finance Holding SA, in which the
Bank acquired a 40% stake on 31 December 2021, the Group’s assets
under administration total CHF 38.7 billion.
The Bank’s results (excluding ISPBM) also show a sharp increase in
assets under administration to CHF 13.4 billion (+15%), including
CHF 1.4 billion in net new money, operating income of CHF 92.2 million
(+14%), operating profit of CHF 5.6 million (+72%) and a net profit of
CHF 5 million (–55%). The Tier 1 ratio stands at 13.8%. The decrease
in net profit is attributable to one-off expenses related to acquisitions
completed by the Bank in 2021 and to the absence of exceptional gains
realised in 2020 following the sale of a stake in Alpian SA.
In addition, the Bank’s subsidiaries in Switzerland and abroad confirmed
their improved profitability. On a consolidated basis, their assets under administration rose to CHF 12.8 billion (+235%), with the biggest
increase achieved by REYL Finance MEA in Dubai (+CHF 1.7 billion,
+90%). The integration of ISPBM added CHF 6.3 billion to the assets
under management. The acquisition of Obviam SA, a social and environmental impact asset manager, also contributed to the increase with
CHF 1 billion.
News can land on a number of fronts not forgetting shariah platform
Sign In
Follow the stocks
