UBS - Global Wealth Management & Business Banking

Pre-tax profit in Global Wealth Management & Business Banking was a record CHF 2,511 million in fourth quarter 2007. This is an increase of CHF 123 million, or 5%, from third quarter 2007 and reflects record results across all three business units. Net new money inflows from the wealth management businesses were CHF 31.5 billion in fourth quarter, down from CHF 40.2 billion last quarter, but at an all-time high for a fourth quarter.

Search only in Quarterly Reporting Q4 2007

Spreadsheets

Business Group reporting

Business Group reporting
	As of or for the quarter ended			% change from		Year ended
CHF million, except where indicated	31.12.07	30.9.07	31.12.06	3Q07	4Q06	31.12.07	31.12.06
Income	6,331	6,303	5,666	0	12	24,841	21,775
Adjusted expected credit loss ¹	35	39	34	(10)	3	173	156
Total operating income	6,366	6,342	5,700	0	12	25,014	21,931
Cash components	2,585	2,705	2,275	(4)	14	10,535	9,043
Share-based components ²	89	85	82	5	9	357	306
Total personnel expenses	2,674	2,790	2,357	(4)	13	10,892	9,349
General and administrative expenses	835	778	775	7	8	3,141	3,028
Services (to) / from other business units	256	306	295	(16)	(13)	1,171	1,118
Depreciation of property and equipment	69	62	65	11	6	241	232
Amortization of intangible assets	21	18	19	17	11	85	63
Total operating expenses	3,855	3,954	3,511	(3)	10	15,530	13,790
Business Group performance before tax	2,511	2,388	2,189	5	15	9,484	8,141

KPI
Cost / income ratio (%) ³	60.9	62.7	62.0			62.5	63.3

Capital return and BIS data
Return on allocated regulatory capital (%) ⁴						41.9	39.3
BIS risk-weighted assets	169,650	170,048	155,158	0	9
Goodwill and excess intangible assets ⁵	5,828	5,892	5,978	(1)	(3)
Allocated regulatory capital ⁶	22,793	22,897	21,494	0	6

Additional information
Invested assets (CHF billion)	2,298	2,332	2,123	(1)	8
Net new money (CHF billion) ⁷	31.7	41.1	20.0			156.3	114.5
Client assets (CHF billion)	3,554	3,616	3,337	(2)	7
Personnel (full-time equivalents)	51,090	50,679	48,034	1	6
1 In management accounts, adjusted expected credit loss rather than credit loss expense or recovery is reported for the Business Groups (see Note 2). 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 / 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. 7 Excludes interest and dividend income.

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Global Wealth Management & Business Banking

Business Group reporting