2017 reported PBT up 32% YoY to CHF 5.4bn

  • Adjusted1 profit before tax CHF 6.3bn, +19% YoY; adjusted1 return on tangible equity excluding DTAs2 14.1%
  • Net profit attributable to shareholders CHF 1.2bn, CHF 2.9bn net write-down of DTAs related to US tax law changes
  • CHF 4.1bn adjusted1 profit before tax in Global Wealth Management, +14% YoY
  • CHF 103bn net new money and CHF 366bn increase in invested assets in our wealth and asset management businesses
  • Fully applied CET1 capital ratio 13.8% and CET1 leverage ratio 3.7%
  • 2017 ordinary dividend CHF 0.65 per share proposed, +8% YoY; initiating 3-year share buyback program of up to CHF 2 billion, including up to CHF 550m in 2018
  • Financial targets and flexible capital returns policy set for 2018-2020
  • Creates unified Global Wealth Management division