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Business Banking Switzerland
Results
| Graphs |
In third quarter 2007, Business Banking Switzerland reported a pre-tax profit of CHF 591 million, down from CHF 637 million in second quarter, when we recorded a number of revaluation gains from equity participations.
Operating income
Total operating income in third quarter 2007 was CHF 1,349 million, down CHF 57 million from second quarter. Interest income rose CHF 2 million to CHF 874 million in third quarter 2007. Non-interest income fell to CHF 428 million in third quarter 2007 from CHF 478 million a quarter earlier, when it included revaluation gains from equity participations. The adjusted expected credit loss was a recovery of CHF 47 million, down from CHF 56 million in second quarter.
Operating expenses
Total operating expenses were CHF 758 million in third quarter 2007, down slightly from CHF 769 million a quarter earlier. Personnel expenses decreased to CHF 633 million in third quarter 2007 from CHF 645 million in second quarter, reflecting lower performance-related accruals. General and administrative expenses, at CHF 278 million in third quarter 2007, were almost unchanged from CHF 276 million in second quarter.
Net charges to other business units were CHF 171 million, up from CHF 167 million in second quarter.
Important legal information - please read the disclaimer before proceeding.
Products and services in these webpages are not available for US persons, for the exclusion of residents of other nations see the disclaimers relating to the actual services.
© UBS 1998-2008. All rights reserved.
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