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Global Wealth Management & Business Banking
Global Wealth Management & Business Banking

Business Group reporting
Business Group reporting

Pre-tax profit for our international and Swiss wealth management businesses was CHF 1,117 million in fourth quarter 2005, down 4% from the record result achieved in third quarter 2005. In the US, pre-tax profit rose to CHF 83 million from a pre-tax loss of CHF 5 million in third quarter. Business Banking Switzerland’s pre-tax profit was CHF 541 million, down slightly from third quarter.

Search only in Quarterly Reporting Q4 2005
Quarter ended% change fromYear ended

CHF million, except where indicated

31.12.05

30.9.05

31.12.04

3Q05

4Q04

31.12.05

31.12.04

 

Income

5,069

4,901

4,328

3

17

19,131

17,506

Adjusted expected credit loss1

37

25

4

48

825

107

(38)

 

Total operating income

5,106

4,926

4,332

4

18

19,238

17,468

 

Cash components

2,100

2,126

1,857

(1)

13

8,252

7,630

Share-based components2

57

57

65

0

(12)

237

235

 

Total personnel expenses

2,157

2,183

1,922

(1)

12

8,489

7,865

General and administrative expenses

884

721

650

23

36

2,845

2,473

Services to / from other business units

245

234

259

5

(5)

960

1,137

Depreciation of property and equipment

64

61

55

5

16

226

202

Amortization of goodwill

0

0

56

(100)

0

238

Amortization of other intangible assets

15

13

27

15

(44)

56

115

 

Total operating expenses

3,365

3,212

2,969

5

13

12,576

12,030

 

Business Group performance before tax

1,741

1,714

1,363

2

28

6,662

5,438

 

Business Group performance before tax and amortization of goodwill

1,741

1,714

1,419

2

23

6,662

5,676


KPIs

Cost / income ratio (%)3

66.4

65.5

68.6

65.7

68.7

Cost / income ratio before goodwill (%)3

66.4

65.5

67.3

65.7

67.4


Capital return and BIS data

Return on adjusted regulatory capital (%)4

34.7

31.3

Return on adjusted regulatory capital before goodwill (%)4

34.7

32.7

BIS risk-weighted assets

147,348

146,422

134,004

1

10

Goodwill

5,407

5,267

3,648

3

48

Adjusted regulatory capital5

20,142

19,909

17,048

1

18

 

Additional informationAs at% change from

31.12.05

30.9.05

31.12.04

30.9.05

31.12.04

 

Client assets (CHF billion)

2,895

2,754

2,306

5

26

Personnel (full-time equivalents)

44,612

44,222

42,570

1

5

 

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