Union Financiere de France Banque SA announced consolidated earnings results for the full year of 2015. For the year, the company reported net banking profits of EUR 218.1 million compared with EUR 194.0 million for the same period a year ago. Operating profits was EUR 49.6 million compared with EUR 34.3 million for the same period a year ago.

Consolidated net profit attributable to the Group was EUR 32.6 million compared with EUR 25.1 million for the same period a year ago. Net inflows of EUR 227 million up 19%, despite an increase in redemptions (+5%). Assets under management at year end reached EUR 11.4 billion, up 5% from EUR 10.9 billion, driven by price trends that remained positive against the backdrop of a relatively unstable market.

Operating profit, up 45% in response to positive trends for expenses which remain under control in an environment of strong commercial growth. Contingent consideration of EUR 1 million for the acquisition of the network and the AEC portfolio was recognised after meeting the contractually defined performance criteria.