Wealth Management & Business Banking

Business Group reporting

In second quarter 2005, Wealth Management’s pre-tax profit was CHF 963 million, a quarterly record and another increase from first quarter 2005. Net new money, at CHF 18.4 billion, was at its highest level ever, benefiting from continued strong inflows from European and Asian clients. Business Banking Switzerland’s pre-tax profit rose to CHF 564 million – the second best result ever.

Search only in Quarterly Reporting Q2 2005

Spreadsheets

Business Group reporting

	Quarter ended			% change from		Year to date

CHF million, except where indicated	30.6.05	31.3.05	30.6.04	1Q05	2Q04	30.6.05	30.6.04


Income	3,410	3,297	3,208	3	6	6,707	6,411
Adjusted expected credit loss¹	29	18	(8)	61		47	(25)


Total operating income	3,439	3,315	3,200	4	7	6,754	6,386


Cash components	1,224	1,195	1,101	2	11	2,419	2,214
Share-based components	31	36	34	(14)	(9)	67	60


Total personnel expenses	1,255	1,231	1,135	2	11	2,486	2,274
General and administrative expenses	436	420	416	4	5	856	810
Services to / from other business units	181	183	229	(1)	(21)	364	467
Depreciation of property and equipment	38	33	32	15	19	71	61
Amortization of goodwill	0	0	17		(100)	0	32
Amortization of other intangible assets	2	2	2	0	0	4	5


Total operating expenses	1,912	1,869	1,831	2	4	3,781	3,649


Business Group performance before tax	1,527	1,446	1,369	6	12	2,973	2,737


Business Group performance before tax and amortization of goodwill	1,527	1,446	1,386	6	10	2,973	2,769
KPIs

Cost / income ratio (%)²	56.1	56.7	57.1			56.4	56.9
Cost / income ratio before goodwill (%)	56.1	56.7	56.5³			56.4	56.4³
Capital return and BIS data

Return on adjusted regulatory capital (%)⁴						44.3	43.1
Return on adjusted regulatory capital before goodwill (%)						44.3	43.6⁵
BIS risk-weighted assets (CHF million)	124,553	122,296	118,210	2	5
Goodwill (CHF million)	1,502	1,257	1,133	19	33
Adjusted regulatory capital (CHF million)⁶	13,957	13,487	12,954	3	8

Additional information	As at			% change from

	30.6.05	31.3.05	30.6.04	31.3.05	30.6.04


Client assets (CHF billion)	1,832	1,691	1,597	8	15
Headcount (full-time equivalents)	26,558	26,014	25,627	2	4

1 In management accounts, adjusted expected credit loss rather than credit loss expense is reported for the business groups (see note 2 to the financial statements).
2 Operating expenses / income.
3 Operating expenses less the amortization of goodwill / income.
4 Annualized Business Group performance before tax / adjusted regulatory capital year to date average.
5 Annualized Business Group performance before tax and amortization of goodwill / adjusted regulatory capital year to date average.
6 10% of BIS risk-weighted assets plus goodwill.

Top