Our financial strength

This matters more than ever in times of market stress.

Our firm is proving its strength and delivering successfully to clients in the
current public health and economic shocks, said Group CFO Kirt Gardner
at the Morgan Stanley Conference in March.

Our key priorities are to safeguard the wellbeing of our employees, serve
our clients and ensure operational continuity in the current situation, he
said. We are looking to use our resources to support individuals, Swiss
small businesses and our clients globally at this difficult time – all within
our broader responsibility to stakeholders.

Here's what you should know

• Capital strength is a pillar of our strategy. In 2011/2012 we initiated a
  strategic transformation of our firm towards a client-centric business
  model that focuses on our core businesses with less risk-taking.
• Since 2012, UBS has increased its CET1 capital by a third to nearly 36
  billion and with around 90 billion in total loss absorbing capacity,
  building a strong capital position and a balance sheet that is for all
  seasons.
• Our financial strength is reflected in top-class ratings from the major
  credit rating agencies.
• Our resilience is further supported by a highly capital-generative
  franchises, as we delivered nearly 5 billion in CET1 capital (before
  buybacks and dividends) in 2019 alone.
• We've shown over the past that our business model performs well
  even in very challenging market conditions.
• We have a conservative risk and funding profile, a highly liquid
  balance sheet and a high quality credit portfolio with relatively limited
  lending exposure to highly impacted industries. All this makes us well
  prepared for this environment.
• We have repeatedly passed stress tests and continue to lend to
  individuals and businesses across our franchises, facilitating
  investments to fuel the economy.
• We understand our role in society very well in these challenging times
  and are committed to using our significant resources to provide
  support to our clients and the broader economy.