UBS - Business Banking Switzerland

Search only in Quarterly Reporting Q2 2008

Spreadsheets

Business unit reporting

Business unit reporting
	As of or for the quarter ended			% change from		Year-to-date
CHF million, except where indicated	30.6.08	31.3.08	30.6.07	1Q08	2Q07	30.6.08	30.6.07
Interest income	814	835	872	(3)	(7)	1,650	1,701
Non-interest income	420	434	478	(3)	(12)	854	929
Income	1,234	1,269	1,350	(3)	(9)	2,504	2,630
Credit loss (expense) / recovery	(5)	(1)	12	400		(7)	33
Total operating income	1,229	1,268	1,362	(3)	(10)	2,497	2,663
Cash components	594	632	637	(6)	(7)	1,225	1,281
Share-based components ¹	(2)	9	31			7	46
Total personnel expenses	592	641	668	(8)	(11)	1,232	1,327
General and administrative expenses	257	264	286	(3)	(10)	521	560
Services (to) / from other business units	(238)	(192)	(184)	(24)	(29)	(429)	(361)
Depreciation of property and equipment	19	15	15	27	27	35	28
Amortization of intangible assets	0	0	0			0	0
Total operating expenses	631	728	785	(13)	(20)	1,358	1,554
Business unit performance before tax	598	540	577	11	4	1,138	1,109

Key performance indicators
Invested assets (CHF billion)	149	152	167	(2)	(11)
Net new money (CHF billion) ²	(2.0)	(1.9)	0.8			(3.9)	3.5
Cost / income ratio (%) ³	51.1	57.4	58.1			54.2	59.1
Impaired lending portfolio as a % of total lending portfolio, gross	1.1	1.2	1.5

Attributed equity and risk-weighted assets
Average attributed equity (CHF billion) ⁴	4.0	4.1		(2)
Return on attributed equity (RoaE) (%) ⁵						56.2
BIS risk-weighted assets (CHF billion) ⁶	41.8	42.9	90.1	(3)
Return on BIS risk-weighted assets (%) ⁷						5.3	2.6
Goodwill and intangible assets (CHF billion) ⁸	0.0	0.0	0.0

Additional information
Client assets (CHF billion)	842	851	1,043	(1)	(19)
Personnel (full-time equivalents)	15,898	16,061	15,866	(1)	0
1 Additionally includes social security contributions and expenses related to alternative investment awards. 2 Excludes interest and dividend income. 3 Operating expenses / income. 4 See this page for further explanations. 5 Year-to-date business unit performance before tax (annualized as applicable) / attributed equity (year-to-date average). 6 BIS risk-weighted assets (RWA) are according to Basel II; for quarters prior to 1Q08, RWA are according to the Basel I framework. 7 Year-to-date business unit performance before tax (annualized as applicable) / BIS RWA (year-to-date average). 8 Quarters prior to 1Q08 represent goodwill and intangible assets in excess of 4% of BIS tier 1 capital.

Top

Business Banking Switzerland

Business unit reporting