Swiss bank UBS posts 14% rise in net profit, nevertheless misses estimates

The logo of Swiss bank UBS at its headquarters in London on May 5, 2017.

Justin Tallis | AFP | Getty Images

The logo of Swiss bank UBS at its headquarters in London on May 5, 2017.

“I’m very pleased with the not bad results we saw across all our business divisions in addition to also also particularly pleased with the fact which our investments from the last three years from the Asia-Pacific region, despite the very challenging environment, are paying off,” Sergio Ermotti, chief executive officer of UBS, told CNBC on Friday morning.

Asia has been in addition to also also will continue to be one of the most important areas for the bank.

“There’s a completely new billionaire in Asia every two to three days, so Asia continues to be a fantastic opportunity for us,” he added.