Global Wealth Management & Business Banking

Global Wealth Management & Business Banking’s pre-tax profit was CHF 2,021 million in first quarter 2006. Pre-tax profit for the international and Swiss wealth management businesses was a record CHF 1,276 million in first quarter 2006, up 14% from fourth quarter 2005. In the US, pre-tax profit rose to CHF 186 million from CHF 83 million in fourth quarter. Net new money from all wealth management businesses totaled CHF 33.6 billion in first quarter, a new record. Business Banking Switzerland’s pre-tax profit was CHF 559 million, up 3% from fourth quarter.

Search only in Quarterly Reporting Q1 2006

Spreadsheets

Business Group Reporting


Business Group reporting
	Quarter ended			% change from
CHF million, except where indicated	31.3.06	31.12.05	31.3.05	4Q05	1Q05
Income	5,388	5,069	4,530	6	19
Adjusted expected credit loss ¹	43	37	17	16	153
Total operating income	5,431	5,106	4,547	6	19
Cash components	2,301	2,100	1,984	10	16
Share-based components ²	77	57	63	35	22
Total personnel expenses	2,378	2,157	2,047	10	16
General and administrative expenses	707	884	611	(20)	16
Services to / from other business units	258	245	242	5	7
Depreciation of property and equipment	52	64	48	(19)	8
Amortization of intangible assets	15	15	13	0	15
Total operating expenses	3,410	3,365	2,961	1	15
Business Group performance before tax	2,021	1,741	1,586	16	27

KPIs
Cost / income ratio (%) ³	63.3	66.4	65.4

Capital return and BIS data
Return on allocated regulatory capital (%) ⁴	39.8	34.7	35.5
BIS risk-weighted assets	150,969	147,348	139,573	2	8
Goodwill	5,391	5,407	4,757	0	13
Allocated regulatory capital ⁵	20,488	20,142	18,714	2	9

Additional information		As at		% change from
	31.3.06	31.12.05	31.3.05	31.12.05	31.3.05
Client assets (CHF billion)	3,070	2,895	2,394	6	28
Personnel (full-time equivalents)	44,488	44,612	42,935	0	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 Additionally includes related social security contributions and expenses related to alternative investment awards. 3 Operating expenses / income. 4 Year to date Business Group performance before tax (annualized as applicable) / allocated regulatory capital year to date average. 5 10% of BIS risk-weighted assets plus goodwill.

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