Fitch reaffirms the strongest possible rating for a banking group of our size: AA-

In light of the unprecedented situation caused by Covid-19 and market volatility, the importance of a strong capital and liquidity position is of the utmost importance.

Lombard Odier is a solid and financially stable banking group with a two-century long history of surviving economic crises.

The current situation and the slowdown in economic growth has led ratings agencies to undertake spot reviews of Swiss Banks. On 31 March 2020, Fitch reaffirmed Lombard Odier’s credit rating at AA- with a stable outlook. The rating agency expects that we will remain resilient to the economic and financial market downturn caused by the pandemic and that we are able to withstand severe scenarios. This rating is the highest for a banking group of our size. Our CET1¹ capital ratio of 29.8% is more than three times higher than the minimum required making us one of the best-capitalised banking groups in Europe.

Our independent ownership means we are not subject to the market pressures imposed by a stock market listing, and that our equity is stable. As a result of this, the interests of our Managing Partners and our clients are aligned.

We have always taken a very prudent attitude to risk management. Our balance sheet is highly liquid and conservatively invested, and we have no reliance on external funding. As of end-2019, our liquidity coverage ratio was 204%.

While we are experiencing a period of high uncertainty, we are working tirelessly to continually deliver outstanding services and investment advice.

We reaffirm our commitment to our clients and are grateful for their continued loyalty and trust.

¹ Common Equity Tier 1