Global Wealth Management & Business Banking

Global Wealth Management amp; Business Banking achieved pre-tax profits of CHF 2,094 million in second quarter 2006. Pre-tax profit for the international and Swiss wealth management businesses rose to another quarterly record of CHF 1,283 million, up 1% from first quarter 2006. Wealth Management US’s pre-tax profit was CHF 179 million this quarter, down 4% from first quarter 2006. Net new money inflows from the wealth management businesses were a strong CHF 31.2 billion in second quarter. Business Banking Switzerland’s pre-tax profit was a record CHF 632 million, up 13% from first quarter 2006.

Search only in Quarterly Reporting Q2 2006

Spreadsheets

Business Group Reporting

Business Group Reporting

	Quarter ended			% change from		Year to date
CHF million, except where indicated	30.6.06	31.3.06	30.6.05	1Q06	2Q05	30.6.06	30.6.05
Income	5,426	5,388	4,631	1	17	10,814	9,161
Adjusted expected credit loss ¹	43	43	28	0	54	86	45
Total operating income	5,469	5,431	4,659	1	17	10,900	9,206
Cash components	2,267	2,301	2,042	(1)	11	4,568	4,026
Share-based components ²	75	77	60	(3)	25	152	123
Total personnel expenses	2,342	2,378	2,102	(2)	11	4,720	4,149
General and administrative expenses	692	707	629	(2)	10	1,399	1,240
Services to / from other business units	273	258	239	6	14	531	481
Depreciation of property and equipment	55	52	53	6	4	107	101
Amortization of intangible assets	13	15	15	(13)	(13)	28	28
Total operating expenses	3,375	3,410	3,038	(1)	11	6,785	5,999
Business Group performance before tax	2,094	2,021	1,621	4	29	4,115	3,207
KPI's
Cost / income ratio (%) ³	62.2	63.3	65.6			62.7	65.5
Capital return and BIS data
Return on allocated regulatory capital (%) ⁴						40.5	34.6
BIS risk-weighted assets	150,806	150,969	143,845	0	5
Goodwill	5,100	5,391	5,248	(5)	(3)
Allocated regulatory capital ⁵	20,181	20,488	19,633	(1)	3
Additional information	As at			% change from
	30.6.06	31.3.06	30.6.05	31.3.06	30.6.05
Client assets (CHF billion)	2,968	3,070	2,598	(3)	14
Personnel (full-time equivalents)	44,996	44,488	43,634	1	3

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) / allocated regulatory capital year to date average. 5 10% of BIS risk-weighted assets plus goodwill.

Top