Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules

4Q23 and FY23 highlights

  • 4Q23 PBT of USD (751m),including losses of USD 508m related to the investment in SIX Group, in addition to integration-related expenses and pull-to-par and other PPA-related benefits; underlying1 PBT of USD 592m
  • FY23 PBT of USD 29,916m, including USD 28,925m negative goodwill
  • Completed first phase of strategic integration,stabilized the franchise, achieved underlying profitability and initiated restructuring
  • USD 77bn of net new assets2 in GWM and USD 77bn of net new deposits across GWM and P&C since the closing of the acquisition in 2023; USD 22bn of NNA and USD 16bn of NND in GWM, and CHF 7bn of NND in P&C in 4Q23, driven by strong momentum with our clients
  • Achieved USD ~4bn in exit rate gross cost savings in FY23 vs FY22 combined
  • Strong progress in NCL wind-down with RWA down USD 5.5bn of which three quarters from active unwinds, LRD down USD 19bn and underlying operating expenses down 9% QoQ
  • Maintained capital strength with CET1 ratio of 14.5% and CET1 leverage ratio of 4.7% comfortably above guidance
  • Increase of 27% YoY in FY23 ordinary dividend, to USD 0.70 per share, subject to shareholder approval at the Annual General Meeting