瑞银第一季度调整后1 税前利润增长97%至15亿瑞郎

苏黎世/巴塞尔，2014年5月6日 – 尽管面临波动的经营环境，瑞银第一季度仍取得出色的业绩表现。瑞银的所有业务部门和地区均实现盈利，体现了集团成功的战略以及在业务综合及地区层面所占据的优势地位。这使得瑞银录得调整后¹ 税前利润15亿瑞郎，较上一季度上升 97%。根据报告基准，税前利润为14亿瑞郎。瑞银持续增强其业内领先的全面采纳的巴塞尔协议III普通股一级资本(CET1)充足率，该比率提高40 个基点至13.2%，超越其既定的2014年目标13%。公司分阶段落实的瑞士 SRB杠杆比率增加30个基点至 5.0%。瑞银财富管理整体业务吸引净新资金128亿瑞郎，并且环球资产管理业务录得非常强劲的净新资金流入。瑞银将继续高效地执行战略，并将其推进至下一阶段，为客户提供具有吸引力和可持续性的回报。

在第一季度财务业绩发布的同时，瑞银还就其战略进展及光明前景向投资者提供更新说明。公司计划进一步修改其法规架构，以增强其面对不断变化的全球监管要求的应对解决能力，同时藉此也将提高其资本回报潜力。如希望了解更多信息，请另浏览www.ubs.com/investors参阅单独新闻稿. 

集团亮点

•  调整后¹ 税前利润15亿瑞郎

•  瑞银股东应占净利润为 11亿瑞郎；摊薄后每股盈利为0.27瑞郎

•  调整后¹ 营业收入 71亿瑞郎

•  全面采纳的巴塞尔协议III普通股一级资本(CET1)充足率提升40个基点至13.2%

•  分阶段落实的瑞士SRB 巴塞尔协议III杠杆比率上升30个基点至 5.0%

•  全面采纳的巴塞尔协议III 风险加权资产(RWA)为2,270亿瑞郎

业务部门亮点

•  财富管理业务 调整后¹ 税前利润增至 6.59亿瑞郎；净新资金流入强劲，为 109亿瑞郎；净新资金增长率 4.9% 位于目标区间上端；投资资产毛利率增加2 个基点至 87个基点；调整后¹成本/收入比率改善并符合目标区间

•  美洲财富管理业务  实现创纪录的调整后¹ 税前利润2.84亿美元；净新资金达21亿美元；调整后¹ 成本/收入比率及投资资产毛利率均符合目标区间

•  零售与企业业务 调整后¹ 税前利润增至4.01亿瑞郎，录得自2010年以来最佳第一季度业绩；零售业务净新业务量增幅超过目标为 4.3%；净息差及调整后¹ 成本 / 收入比率符合目标区间

•  环球资产管理业务 实现调整后¹ 税前利润1.26亿瑞郎；净新资金流入非常强劲，达 130亿瑞郎，不包括货币市场资金流入；净新资金年化增长率超过目标为 6.6%

•  投资银行业务 调整后¹ 税前利润增至5.49亿瑞郎；全面采纳的风险加权资产( RWA )及资产负债表融资规模完全符合限制标准；调整后¹ 成本 /收入比率改善且完全符合目标区间；调整后¹ 的专属股本回报率升至 27.8%，远超15%的目标

谈及瑞银第一季度业绩时，集团首席执行官 Sergio P. Ermotti 表示，“超越我们在2年前既定的13%CET1资本充足率目标，对集团和各利益相关方而言，是一个重要里程碑。我对第一季度业绩感到十分欣慰，我们的所有业务部门和地区都展示了持续的盈利能力。为了客户和股东的利益，专注和严谨地执行我们的战略仍然是我们的首要任务。”

集团业绩概况

2014年第一季度，集团实现股东应占净利润10.54亿瑞郎，摊薄后每股收益0.27瑞郎。录得调整后¹集团税前利润14.86亿瑞郎，在波动的经营环境中取得了出色的业绩表现。

令人高兴的是，瑞银在第一季度即已提前实现了13%的全面采纳的巴塞尔协议III普通股一级资本（CET1）充足率的长期目标。如此领先的CET1资本率是我们积极缩减风险加权资产以及通过增加留存收益扩充符合巴塞尔协议III要求资本的结果。瑞银继续进行资产负债表的去杠杆化，在本季度总共缩减资产360亿瑞郎。我们的巴塞尔协议III资金和流动性比率以及瑞士SRB杠杆比率都稳居于监管要求的水平以上，预计将可提前达到全面采纳的2019年杠杆比率监管要求。集团的全面采纳的杠杆比率提高至3.8%，这是缩减分母至1万亿瑞郎以下，同时通过提高CET1资本和发行20亿欧元的符合巴塞尔协议III要求的低触发、亏损缓冲次级债券以增加分子的共同作用。这使得集团的低触发二级资本总额达到71亿美元，而截至2019年应实现的累进缓冲要求为约90亿美元。瑞银全面采纳的总资本充足率已经达到了16.8%，截至2019年应实现的要求为17.5%左右。

财富管理业务调整后¹税前利润上升至6.59亿瑞郎，主要得益于营业收入的增加和营业支出的下降。以交易为基础的收益有所增长，主要由于所有地区特别是亚太地区的客户活动都在增加。投资资产的毛利率上升了2个基点至87个基点，原因是收入增长快于平均投资资产的增加。净新资金强劲，达109亿瑞郎，主要贡献来自于亚太地区和新兴市场。净新资金增长率居于目标区间的上端。调整后¹的成本/收入比率也有所改善，符合目标区间，预计未来还将进一步下降。

美洲财富管理业务今年开局强劲，实现调整后¹税前利润2.84亿美元，刷新纪录。营业收入的增加主要得益于管理账户收入的提高，但大部分被调整后¹营业支出的增加所抵消。该业务继续吸引客户资产流入，净新资金达21亿美元。尽管净新资金实现了0.9%的增长率，但来自资深财务顾问的业绩改善被财务顾问流失所带来的资金流出所抵消。该业务的调整后¹成本/收入比例和投资资产毛利率双双符合目标区间。

零售与企业业务调整后¹税前利润增加至4.01亿瑞郎，主要由于诉讼费用减少带来了营业支出的下降。零售业务的净新业务量增长率为4.3%，高于目标。调整后¹成本/收入比例和净息差均符合目标区间。我们的新电子银行平台荣获这一跨行业领域的最高荣誉——2014年度最佳瑞士网站奖，被誉为在技术和专业方面表现杰出的项目。作为瑞士领先的全能银行和重要的养老金咨询服务机构，瑞银为其私人及财富管理客户顾问提供这一领域的额外培训，并正筹划推出一项旨在提高公众对退休规划的重要性的认识的全国性活动。

环球资产管理业务调整后¹税前利润下降至1.26亿瑞郎。该业务的调整后¹成本/收入比例仍未达至目标区间。不计入货币市场资金流入，净新资金录得130亿瑞郎，表现强劲，达到自2005年第三季度以来的最高水平，来自第三方和瑞银财富管理客户的净流入贡献显著。计入货币市场资金流入后，总净新资金达到96亿瑞郎，为2006年第三季度以来的最高水平。净新资金增长率为6.6%，超过目标。投资资产毛利率为31个基点，略低于目标。

投资银行业务调整后¹税前利润增加至5.49亿瑞郎。强劲的收入特别是来自债券资本市场部和证券部，对营业收入带来积极影响。在现金股票业务方面，我们录得了2011年以来最好的第一季度业绩。由于业绩的改善，营业支出也随着各项薪酬费用上升而增加，但被一般及行政费用的降低而部分抵消。全面采纳的风险加权资产（RWA）继续维持在620亿瑞郎，与我们低于700亿瑞郎的目标相符。调整后¹成本/收入比率改善，完全符合目标区间。该业务实现了28%的调整后¹专属股本回报率，较上季度的20%有所改善。我们配合客户活动对资源和风险进行了有效管理，专属股本回报率远超15%的目标。

企业中心——核心职能业务录得税前亏损1.76亿瑞郎。除去分摊至各业务部门及非核心和遗留资产组合部分，总营业支出增加至2.27亿瑞郎。自有信贷收益部分为分摊后留存司库负收益所抵消。企业中心——非核心和遗留资产组合税前亏损缩减至2.25亿瑞郎，主要得益于债务估值调整（DVA）、信贷业务再估值收益改善以及平仓和债务更新亏损的减少。我们继续在缩减资产负债表资产上取得进展，缩减资产250亿瑞郎。截至本季度末，全面采纳的风险加权资产减少30亿瑞郎至600亿瑞郎。预计在2014年，我们将在退出剩余非核心及遗留头寸方面取得进一步的进展。

前景展望 – 2014年第二季度伊始，我们先前强调过的许多潜在挑战及地缘政治问题依然存在。欧洲问题悬而未决、依然缺乏持久且持久有效的改善，美国的财政和货币政策问题延续，地缘政治现状不稳，加之全球增长前景不明朗，将使当前的市场环境难以改善。尽管存在这些挑战，我们将继续执行自身战略，以便确保公司的长期成功，并为股东实现持久回报。

¹除非另外说明，集团及业务部门层面的2014年第一季度的“调整后”数字不包括下列各个项目（在适用范围内）：8,800万瑞郎的自有信贷收益、2,300万瑞郎的房地产出售收益以及2.04亿瑞郎的重组净费用。对于2013年第四季度，不包括的项目有：自有信贷亏损 9,400万瑞郎、房地产出售收益6,100万瑞郎、以公开要约的形式回购债务相关净亏损7,500万瑞郎以及重组净费用1.98亿瑞郎。

UBS’s First Quarter 2014 Report, letter to shareholders, news releases and slide presentations will be available from 06.45 CEST on Tuesday 6 May 2014 at www.ubs.com/investors. 

UBS will hold a presentation of its first quarter 2014 results followed by an Investor Update on Tuesday 6 May 2014. The results will be presented by Sergio P. Ermotti, Group Chief Executive Officer, Tom Naratil, Group Chief Financial Officer and Group Chief Operating Officer, Martin Osinga, Global Head of Investor Relations (ad interim), and Hubertus Kuelps, Group Head of Communications & Branding.

Results presentation (followed by analyst Q&A and media Q&A) time:

10.00 – 10.55 (CEST) / 09.00 – 09.55 (BST) / 04.00 – 04.55 (US EDT)

Investor Update time:

11.10 – 15.45 (CEST) / 10.10 – 14.45 (BST) / 05.10 – 09.45 (US EDT)

Video webcast

All presentations and Q&A sessions (first quarter 2014 results and Investor Update) can be followed live via video webcast on www.ubs.com/investors.

An archived version of the video webcast of the results presentation will be available on www.ubs.com/investors.

Audio

6 May 2014, 10.00 – 15.45 CEST

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