Global Wealth Management & Business Banking

Business Group reporting

Global Wealth Management & Business Banking pre-tax profit increased 19% to CHF 2,189 million in fourth quarter 2006 from CHF 1,837 million in third quarter 2006. Pre-tax profit for the international and Swiss wealth management businesses was CHF 1,418 million, up 16% from CHF 1,226 million in third quarter 2006. Wealth Management US’s pre-tax profit was CHF 174 million this quarter, up from CHF 43 million in third quarter. Business Banking Switzerland‘s pre-tax profit was CHF 597 million, up 5% from third quarter.

Search only in Quarterly Reporting Q4 2006

Spreadsheets

Business Group reporting

Business Group reporting
	As of or for the quarter ended			% change from		Year ended
CHF million, except where indicated	31.12.06	30.9.06	31.12.05	3Q06	4Q05	31.12.06	31.12.05
Income	5,666	5,295	5,069	7	12	21,775	19,131
Adjusted expected credit loss ¹	34	36	37	(6)	(8)	156	107
Total operating income	5,700	5,331	5,106	7	12	21,931	19,238
Cash components	2,275	2,200	2,100	3	8	9,043	8,252
Share-based components ²	82	72	57	14	44	306	237
Total personnel expenses	2,357	2,272	2,157	4	9	9,349	8,489
General and administrative expenses	775	854	884	(9)	(12)	3,028	2,845
Services (to) / from other business units	295	292	245	1	20	1,118	960
Depreciation of property and equipment	65	60	64	8	2	232	226
Amortization of intangible assets	19	16	15	19	27	63	56
Total operating expenses	3,511	3,494	3,365	0	4	13,790	12,576
Business Group performance before tax	2,189	1,837	1,741	19	26	8,141	6,662

KPIs
Cost / income ratio (%) ³	62.0	66.0	66.4			63.3	65.7

Capital return and BIS data
Return on allocated regulatory capital (%) ⁴						39.3	34.7
BIS risk-weighted assets	155,158	156,222	147,348	(1)	5
Goodwill and excess intangible assets ⁵	5,978	5,709	5,407	5	11
Allocated regulatory capital ⁶	21,494	21,331	20,142	1	7

Additional information
Invested assets (CHF billion)	2,123	2,056	1,887	3	13
Net new money (CHF billion)	20.0	26.4	20.3			114.5	98.5
Client assets (CHF billion)	3,337	3,229	2,895	3	15
Personnel (full-time equivalents)	48,034	47,243	44,612	2	8
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 Business Group performance before tax / average allocated regulatory capital. 5 Goodwill and intangible assets in excess of 4% of BIS Tier 1 capital. 6 10% of BIS risk-weighted assets plus goodwill and excess intangible assets.