2Q20 net profit USD 1.2bn, 13.2% RoCET1

  • 2Q20 PBT USD 1.6bn, (10%) YoY or +5% excluding CLE
  • 2Q20 net profit (11%) YoY; return on CET1 capital1 13.2%; cost/income ratio 75.8%; diluted EPS USD 0.33
  • 1H20 PBT USD 3.6bn, +9% YoY or +24% excluding CLE
  • 1H20 net profit USD 2.8bn, +12% YoY; return on CET1 capital1 15.4%; cost/income ratio 74.0%; diluted EPS USD 0.76
  • Strong capital position with CET1 capital ratio 13.3%; CET1 leverage ratio2 3.9%; tier 1 leverage ratio2,3 5.5%, all excluding any temporary regulatory relief

1 Return on CET1 capital is calculated as annualized net profit attributable to shareholders divided by average common equity tier 1 capital.
2 Excluding the effects of the temporary exemption of central bank sight deposits for the going concern leverage ratio calculation granted by the Swiss Financial Market Supervisory Authority (FINMA) on 25 March 2020 in connection with COVID-19.
3 Going concern leverage ratio under Swiss SRB rules.

Potrait of Sergio P. Ermotti

Interview with Sergio P. Ermotti

UBS Group CEO comments on our results for the second quarter of 2020.

Watch the video