UBS AG

Investor Relations

Strategy, Performance & Responsibility

Risk, Treasury & Cap. Mgmt.

Corp. Gov. & Comp. Report

Fin. Statements

Review



	Introduction





	Accounting Principles

	Critical accounting policies





	Management's Report on Internal Control over Financial Reporting

	Financial Statements

	Notes

		Note 1

		Note 2a

		Note 2b

		Note 3

		Note 4

		Note 5

		Note 6

		Note 7

		Note 8

		Note 9a

		Note 9b

		Note 9c

		Note 9d

		Note 10

		Note 11

		Note 12

		Note 13

		Note 14

		Note 15

		Note 16

		Note 17

		Note 18

		Note 19

		Note 20

		Note 21

		Note 22

		Note 23

		Note 24

		Note 25

		Note 26

		Note 27

		Note 28

		Note 29

		Note 30

		Note 31

		Note 32

		Note 33

		Note 34

		Note 35

		Note 36

		Note 37

		Note 38

		Note 39





	Parent Bank Review

	Financial Statements

	Notes to the Financial Statements

	Additional Income Statement Information

	Additional Balance Sheet Information

	Off-Balance Sheet and Other Information

	Corporate Governance and Compensation Report





	A - Introduction

	B - Selected Financial Data

	C - Information on the Company

	D - Information Required by Industry Guide 3





	Sources of information




	Cautionary statement

UBS Homepage > Investor Relations > Annual Reporting 2007 > Financial Statements > Notes > Note 9b

Note 9b

Allowances and Provisions for Credit Losses

CHF million	Specific allowances and provisions	Collective loan loss allowances and provisions	Total 31.12.07	Total 31.12.06
Balance at the beginning of the year	1,294	38	1,332	1,776
Write-offs	(321)	0	(321)	(363)
Recoveries	55	0	55	62
Increase / (decrease) in credit loss allowances and provisions	242	(4)	238	(156)
Disposals	(131)	0	(131)	0
Foreign currency translation and other adjustments	(9)	0	(9)	13
Balance at the end of the year	1,130	34	1,164	1,332 ¹
1 During 2006, all country provisions were released.

CHF million	Specific allowances and provisions	Collective loan loss allowances and provisions	Total 31.12.07	Total 31.12.06
As a reduction of Due from banks	28	0	28	30
As a reduction of Loans	969	34	1,003	1,226
As a reduction of other balance sheet positions	70	0	70	0
Subtotal	1,067	34	1,101	1,256
Included in Other liabilities related to provisions for contingent claims	63	0	63	76
Total allowances and provisions for credit losses	1,130	34	1,164	1,332

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