Global Wealth Management & Business Banking

Business Group reporting

Global Wealth Management & Business Banking's pre-tax profit was a record CHF 2,341 million in second quarter 2007, an increase of 4% from first quarter 2007. Pre-tax profit for the international and Swiss wealth management businesses, at an all-time high of CHF 1,543 million, was up 3% from first quarter. Wealth Management US's pre-tax profit was CHF 161 million, down 6% from first quarter, affected by legal and litigation expenses. Business Banking Switzerland's pre-tax profit was a record CHF 637 million, up 11% from the previous quarter.

Search only in Quarterly Reporting Q2 2007

Spreadsheets

Business Group reporting

Business Group reporting
	As of or for the quarter ended			% change from		Year to date
CHF million, except where indicated	30.6.07	31.3.07	30.6.06	1Q07	2Q06	30.6.07	30.6.06
Income	6,246	5,961	5,426	5	15	12,207	10,814
Adjusted expected credit loss ¹	49	50	43	(2)	14	99	86
Total operating income	6,295	6,011	5,469	5	15	12,306	10,900
Cash components	2,650	2,595	2,267	2	17	5,245	4,568
Share-based components ²	101	82	75	23	35	183	152
Total personnel expenses	2,751	2,677	2,342	3	17	5,428	4,720
General and administrative expenses	816	712	692	15	18	1,528	1,399
Services (to)/from other business units	308	301	273	2	13	609	531
Depreciation of property and equipment	58	52	55	12	5	110	107
Amortization of intangible assets	21	25	13	(16)	62	46	28
Total operating expenses	3,954	3,767	3,375	5	17	7,721	6,785
Business Group performance before tax	2,341	2,244	2,094	4	12	4,585	4,115

KPI
Cost/income ratio (%) ³	63.3	63.2	62.2			63.3	62.7

Capital return and BIS data
Return on allocated regulatory capital (%) ⁴						41.1	40.5
BIS risk-weighted assets	171,642	160,475	150,806	7	14
Goodwill and excess intangible assets ⁵	6,033	6,284	5,100	(4)	18
Allocated regulatory capital ⁶	23,197	22,332	20,181	4	15

Additional information
Invested assets (CHF billion)	2,345	2,229	1,886	5	24
Net new money (CHF billion) ⁷	36.0	47.5	32.7			83.5	68.1
Client assets (CHF billion)	3,643	3,436	2,968	6	23
Personnel (full-time equivalents)	49,554	48,931	44,996	1	10
1 In management accounts, adjusted expected credit loss rather than credit loss expense or recovery is reported for the business groups (see note 2 to the financial statements). 2 Additionally includes 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 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. 7 Excludes interest and dividend income.

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