瑞银第一季度调整后税前利润 14亿瑞郎

UBS Group AG 股东应占净利润7.07亿瑞郎；摊薄后每股盈利0.18瑞郎

全面采纳的 CET1资本充足率为14.0%；全面采纳瑞士SRB杠杆率为5.4%

瑞银“肿瘤学影响力基金”募资总额创下纪录，高达4.71亿美元，以此发展癌症治疗

苏黎世/巴塞尔，2016年5月3日 – 2016年第一季度，经济和地缘政治不确定性上升，加之全球市场波动，导致客户避险情绪更为显著。对于行业而言，这种状况造成第一季度的交易量异常低迷，与2015年第一季度异常出色的业绩相比，瑞银业绩存在同样情况。尽管面临上述艰难环境，集团仍实现调整后¹ 税前利润13.66亿瑞郎，所有业务部门和地区均作出正面贡献。UBS Group AG股东应占净利润为7.07亿瑞郎；摊薄后每股盈利0.18瑞郎。集团的年化调整后¹ 有形股权资产回报为8.5%。瑞银整体财富管理业务吸引强劲的净新资金流入，总额达290亿瑞郎，为2008年以来的最高值。在实现上述资金净流入的同时，瑞银亦专注于实现其可持续的收益。个人与企业银行业务的个人银行服务净新业务量增长十分强劲，增幅将近5.0%，所吸引的净新境内客户人数亦创下历史上第一季度的新高。

瑞银保持强健的资本状况，全面采纳的 CET1资本充足率达到14.0%，全面采纳的瑞士SRB杠杆率达到5.4%。今年3月，瑞银成功发行14亿瑞郎的AT1应急资本，为2016年全行业首例；以及发行13亿瑞郎的TLAC债券。瑞银仍具备充足实力，以满足对瑞士具有系统重要性银行提出的新要求。

截至2016年3月，集团相较2013年全年节省的成本总额为12亿瑞郎，并正在稳步实现2017年末前减少净成本21亿瑞郎的目标。此外，在目前挑战的营收环境下，瑞银继续采取负责任的措施以节省整个公司范围的成本支出。  

正如此前宣布，瑞银董事会建议2015年向股东派息普通股每股0.60瑞郎，以及特别股息每股0.25瑞郎。瑞银年度股东大会将于5月10日举行。

“尽管市场环境充满挑战，我们仍实现稳健业绩，这反映出我们的纪律性和专注度，也表明我们的多元化业务模式取得成效。鉴于客户活动水平极其低迷，我们继续有效管理自身资源，同时不断节省成本。”Sergio P. Ermotti，集团首席执行官

本新闻稿所提供的内容除特别指出均为UBS Group AG 的合并财务信息。UBS AG（合并）与UBS Group AG 的财务信息未存在本质上区别，UBS Group AG(合并) 和UBS AG（合并）之间的比较将在本新闻稿末尾处提供。UBS AG 2016年第一季度报告将于2016 年5 月6日公布于网站 www.ubs.com/investors 的“季度报告”部分。

第一季度：业务部门和企业中心业绩概述

财富管理业务实现调整后¹ 税前利润6.36亿瑞郎，比上个季度增加1.31亿瑞郎，尽管录得最低的第一季度交易量。这反映出诉讼、监管及类似事项净拨备费用的减少。在所有地区、尤其是亚太地区和超高净值人士市场净资金流入的推动下，财富管理业务吸引了极为强劲的净新资金155亿瑞郎，同时保持可持续的收益。调整后¹ 的投资资产净收益率上升5个基点，达到27个基点。委托投资的渗透率上升60个基点，达到投资资产的27.0%。瑞银开设上海分行，旨在实现在中国国内财富管理市场获得进一步发展的雄心。

美洲财富管理业务录得调整后¹ 税前利润2.45亿美元，而上个季度为6,300万美元，反映出诉讼、监管及类似事项净拨备费用的减少。净新资金流入强劲，达到136亿美元，反映出净资金流入主要来自新聘顾问及在瑞银任职1年以上的金融顾问。美洲财富管理业务金融顾问的产出仍然位居同行首位，顾问人均投资资产高达1.47亿美元，而人均收入为1.1亿美元。

个人与企业银行业务录得调整后¹ 税前利润4.22亿瑞郎，而上个季度为3.96亿瑞郎，尽管来自负利率和经济活动放缓的挑战依然存在。个人银行业务的年化净新业务增长率从0.6%上升至4.9%，取得2012年第一季度以来的最高增速。个人与企业银行业务继续吸引新的境内客户，净新境内客户人数创第一季度最高纪录。

资产管理业务实现调整后¹ 税前利润1.1亿瑞郎，而上个季度为1.53亿瑞郎，部分原因是股票、多资产和O'Connor公司的业绩报酬的减少。不包括货币市场的资金流量，净新资金流出为59亿瑞郎，其中包括一名客户72亿瑞郎的定价相关流出，以及客户流动性需求驱动的38亿瑞郎流出，两者均从低收益的被动型产品流出。

投资银行业务录得调整后¹ 税前利润3.7亿瑞郎，而上个季度为2.23亿瑞郎，保持审慎的风险、成本和资源管理。本季度的年化调整后¹专属股本回报率为19%，其中投资客户服务部门表现稳健，而企业客户解决方案部门收入下降，部分反映出全球佣金收入规模的缩小。投资银行业务全面采纳的风险加权资产（RWA）稳定在630亿瑞郎，而全面采纳的SRB杠杆率分母（LRD）季度末减少60亿瑞郎，降至2,620亿瑞郎。

企业中心 – 服务录得调整后¹ 税前亏损2.11亿瑞郎，而上个季度税前亏损为3.26亿瑞郎。集团资产负债管理录得调整后¹税前亏损2,500万瑞郎，而上个季度税前亏损为5,100万瑞郎。非核心和遗留资产组合税前亏损为1.83亿瑞郎，而上个季度税前亏损为3,29亿瑞郎。

¹ 参阅本新闻稿末尾处“调整后业绩”段落。

奖项和成就

在最新公布的《亚洲私人银行家》财富管理排行榜中，瑞银连续第四年位列榜首。在《亚洲货币》杂志颁发的奖项中，投资银行业务在固定收益、对冲基金服务、主经纪和经纪业务调查中获得200多项荣誉。

瑞银在《欧洲货币》杂志的“私人银行调查”中独领风骚，其在全球的服务在主要奖项类别——全球“最佳私人银行—总体服务”中拔得头筹。同时，瑞银还在其他许多类别中获选最佳银行，包括新推出的“创新技术”和“社会责任投资/社会影响力投资”类别的第一名。

瑞银在《全球金融》的第17届年度“世界最佳投资银行”调查中荣获“世界最佳投资银行机构”荣誉。除了获取全面最佳银行称号，投资银行业务还在全球、地区及针对具体行业的9个类别中排名第一，包括连续第二年荣获西欧“最佳股权银行”称号。

社会影响力投资

瑞银继续努力争取在可持续银行业中的领导地位，发展创新性金融解决方案解决社会问题。瑞银对社会影响力投资的持续承诺体现在若干开创性的行动中，其中最引人注目的是4.71亿美元的“瑞银肿瘤学影响力基金”（OIF）已完成筹资, 这是有史以来专门投资于单个特定领域的影响力基金所募得的最大资金额。OIF提供投资于新一代突破性癌症疗法的机会。瑞银此前曾启动的其他影响力投资项目包括帮助印度女孩就学的首只“发展影响力债券”（DIB）。

展望

负面的市场表现、大幅的市场波动以及相关宏观经济和地缘政治的不确定性导致第一季度客户避险情绪更加显著以及异常低迷的交易量。部分上述因素已于近期趋于平稳，但此前强调的相关宏观经济挑战和地缘政治风险依然存在，在可预见的未来难以得到解决。低利率以及瑞郎相对走强，特别是对欧元，继续带来不利影响。此外，瑞士和国际银行监管框架的变更提议将带来更高的资本要求和成本。瑞银将继续严格执行自身策略，以缓解上述影响；也具备有利条件，可获益于当前即便小幅改善的市场条件。

Performance by business division and Corporate Center unit – as reported

Performance by business division and Corporate Center unit – reported and adjusted¹^,²

UBS Group AG key figures

Income statement

Comparison UBS Group AG (consolidated) versus UBS AG (consolidated)

/content/sites/global/en/investor-relations/financial-information/quarterly-reporting/2016porting/2016porting/2016porting/2016be available from 06:45 CEST on Tuesday, 3 May 2016 at www.ubs.com/quarterlyreporting.

UBS will hold a presentation of its first quarter 2016 results on Tuesday, 3 May 2016. The results will be presented by Sergio P. Ermotti, Group Chief Executive Officer, Kirt Gardner, Group Chief Financial Officer, Caroline Stewart, Global Head of Investor Relations, and Hubertus Kuelps, Group Head of Communications & Branding.

Time

• 09:00–11.00 (CEST)
• 08:00–10.00 (BST)
• 03:00–05.00 (US EDT)

Audio webcast

The presentation for analysts can be followed live on ww.ubs.com/quarterlyreporting with a simultaneous slide show.

Webcast playback

An audio playback of the results presentation will be made available at www.ubs.com/investors later in the day.

UBS Group AG and UBS AG

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Cautionary Statement Regarding Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements,” including but not limited to management’s outlook for UBS’s financial performance and statements relating to the anticipated effect of transactions and strategic initiatives on UBS’s business and future development. While these forward-looking statements represent UBS’s judgments and expectations concerning the matters described, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from UBS’s expectations. These factors include, but are not limited to: (i) the degree to which UBS is successful in executing its announced strategic plans, including its cost reduction and efficiency initiatives and its targets for risk-weighted assets (RWA) and leverage ratio denominator (LRD), and the degree to which UBS is successful in implementing changes to its wealth management businesses to meet changing market, regulatory and other conditions; (ii) the continuing low or negative interest rate environment, developments in the macroeconomic climate and in the markets in which UBS operates or to which it is exposed, including movements in securities prices or liquidity, credit spreads, and currency exchange rates, and the effect of economic conditions and market developments on the financial position or creditworthiness of UBS’s clients and counterparties; (iii) changes in the availability of capital and funding, including any changes in UBS’s credit spreads and ratings, as well as availability and cost of funding to meet requirements for debt that will be eligible for total loss-absorbing capacity (TLAC) requirements, or loss-absorbing capital; (iv) changes in or the implementation of financial legislation and regulation in Switzerland, the US, the UK and other financial centers that may impose, or result in, more stringent capital, TLAC, leverage ratio, liquidity and funding requirements, incremental tax requirements, additional levies, limitations on permitted activities, constraints on remuneration or other measures, and the effect this would have on UBS’s business activities; (v) uncertainty as to when and to what degree the Swiss Financial Market Supervisory Authority (FINMA) will approve a limited reduction of capital or gone concern requirements due to measures to reduce resolvability risk; (vi) the degree to which UBS is successful in implementing further changes to its legal structure to improve its resolvability and meet related regulatory requirements, including changes in legal structure and reporting required to implement US enhanced prudential standards, implementing a service company model, the transfer of the Asset Management business to a holding company, and the potential need to make further changes to the legal structure or booking model of UBS Group in response to legal and regulatory requirements relating to capital requirements, resolvability requirements and proposals in Switzerland and other countries for mandatory structural reform of banks and the extent to which such changes have the intended effects; (vii) changes in UBS’s competitive position, including whether differences in regulatory capital and other requirements among the major financial centers will adversely affect UBS’s ability to compete in certain lines of business; (viii) changes in the standards of conduct applicable to our businesses that may result from new regulation or new enforcement of existing standards, including proposed measures to impose new and enhanced duties when interacting with customers and in the execution and handling of customer transactions; (ix) the liability to which UBS may be exposed, or possible constraints or sanctions that regulatory authorities might impose on UBS, due to litigation, contractual claims and regulatory investigations, including the potential for disqualification from certain businesses or loss of licenses or privileges as a result of regulatory or other governmental sanctions, as well as the effect that litigation, regulatory and similar matters have on the operational component of our RWA; (x) the effects on UBS’s cross-border banking business of tax or regulatory developments and of possible changes in UBS’s policies and practices relating to this business; (xi) UBS’s ability to retain and attract the employees necessary to generate revenues and to manage, support and control its businesses, which may be affected by competitive factors including differences in compensation practices; (xii) changes in accounting or tax standards or policies, and determinations or interpretations affecting the recognition of gain or loss, the valuation of goodwill, the recognition of deferred tax assets and other matters; (xiii) limitations on the effectiveness of UBS’s internal processes for risk management, risk control, measurement and modeling, and of financial models generally; (xiv) whether UBS will be successful in keeping pace with competitors in updating its technology, particularly in trading businesses; (xv) the occurrence of operational failures, such as fraud, misconduct, unauthorized trading, financial crime, cyber-attacks, and systems failures; (xvi) restrictions on the ability of UBS Group AG to make payments or distributions, including due to restrictions on the ability of its subsidiaries to make loans or distributions, directly or indirectly, or, in the case of financial difficulties, due to the exercise by FINMA of its broad statutory powers in relation to protective measures, restructuring and liquidation proceedings; (xvii) the degree to which changes in regulation, capital or legal structure, financial results or other factors, including methodology, assumptions and stress scenarios, may affect UBS’s ability to maintain its stated capital return objective; and (xviii) the effect that these or other factors or unanticipated events may have on our reputation and the additional consequences that this may have on our business and performance. The sequence in which the factors above are presented is not indicative of their likelihood of occurrence or the potential magnitude of their consequences. Our business and financial performance could be affected by other factors identified in our past and future filings and reports, including those filed with the SEC. More detailed information about those factors is set forth in documents furnished by UBS and filings made by UBS with the SEC, including UBS’s Annual Report on Form 20-F for the year ended 31 December 2015. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.

Adjusted results

In addition to reporting our results in accordance with International Financial Reporting Standards (IFRS), we report adjusted results that exclude items that management believes are not representative of the underlying performance of our businesses. Such adjusted results are non-GAAP financial measures as defined by SEC regulations. Unless otherwise indicated, first quarter of 2016 "adjusted" figures exclude each of the following items, to the extent applicable, on a Group and business division level: net foreign currency translation losses of CHF 123 million and net restructuring expenses of CHF 265 million. For the fourth quarter of 2015, we excluded net losses of CHF 257 million related to the buyback of debt in a tender offer, a net foreign currency translation gain of CHF 115 million, an own credit gain of CHF 35 million, net gains of CHF 28 million on the sale of subsidiaries and businesses as well as net restructuring expenses of CHF 441 million. Refer to the "Group performance" section of UBS's first quarter 2016 report for more information on adjusted results.

Rounding

Numbers presented throughout this news release may not add up precisely to the totals provided in the tables and text. Percentages, percent changes and absolute variances are calculated on the basis of rounded figures displayed in the tables and text and may not precisely reflect the percentages, percent changes and absolute variances that would be calculated on the basis of figures that are not rounded.

Tables

Within tables, blank fields generally indicate that the field is not applicable or not meaningful, or that information is not available as of the relevant date or for the relevant period. Zero values generally indicate that the respective figure is zero on an actual or rounded basis. Percentage changes are presented as a mathematical calculation of the change between periods.