瑞银第三季度实现净利润21亿瑞士法郎
股东应占净利润21亿瑞士法郎，摊薄后每股盈利0.54瑞士法郎
调整后1 税前利润10亿瑞士法郎
全面采纳瑞士SRB巴塞尔协议III CET1 充足率为14.3%
全面采纳瑞士SRB杠杆率上升30个基点至5.0%，其中CET1为 3.3%
年初至今调整后有形股权回报率14.5%，预期将超越全年目标2
瑞银获评“道琼斯可持续指数”的行业领袖
苏黎世，2015年11月3日 – 尽管经济环境充满挑战，瑞银仍在第三季度实现稳健盈利，调整后1 税前利润达到9.79亿瑞士法郎。瑞银集团股东应占净利润达到20.68亿瑞士法郎，摊薄后每股盈利为0.54瑞士法郎。第三季度业绩包括12.95亿瑞士法郎的净税项收益（主要涉及到递延税项资产净估值上调）、5.92亿瑞士法郎的诉讼、监管和类似事项拨备净费用及2.98亿瑞士法郎的净重组费用。
“我对本季度业绩感到满意。尽管市场环境充满挑战，但我们仍始终贴近客户。恪守严谨的执行及瑞银的多样化业务模式，让我们能够为股东实现强劲的回报，同时继续投资于未来。”
Sergio P. Ermotti，集团首席执行官
/content/sites/global/en/investor-relations/financial-information/quarterly-reporting/2015porting/2015porting/2015porting/2015金35亿瑞士法郎，不包含瑞银资产负债表及资本优化项目产生的效应。经常性收入受益于委托投资业务渗透率的上升及定价方面的持续效应。
各业务部门及企业中心业绩
2015年第三季度：部门及企业中心业绩概述
财富管理业务实现强劲的调整后1 税前利润6.98亿瑞士法郎，尽管市场波动剧烈，亚洲地区去杠杆化显著，而客户活动水平极低。贷款和存款收入增加带动净利息收入上升。尽管平均投资资产减少，经常性净费用收入仅略微下降，因为委托投资渗透率上升及定价方面的持续效应部分抵消了收入降幅。委托投资渗透率上升70个基点，增至投资资产的27%。交易性收入主要在亚太和欧洲地区有所下降，主要反映出市场波动导致客户活动减少。所有地区的资金流入所带动的经资产负债表流出量及资本优化项目调整后的净新资金为35亿瑞士法郎。
美洲财富管理业务实现稳健的调整后1 税前利润2.87亿美元，比上季度上升24%。营业总收入基本未变；财务顾问在营业收入和投资资产方面的人均效益均达到行业领先水平。管理账户费用收入提高带动净费用收入上升，经常性收入创下新高；净利息收入亦上升，主要原因是贷款和存款的增长。成本下降的主要原因是诉讼、监管和类似事项拨备及其他拨备净费用的减少。净新资金达到5亿美元。
零售与企业银行业务实现2010年以来最佳的前9个月业绩，调整后 第三季度税前利润达到4.28亿瑞士法郎。贷款和存款的净利息收入略有上升，经常性净费用收入亦是如此，而本季度的信贷亏损费用则微乎其微。零售客户的年化净新业务量增幅达到2.5%的良好水平，主要原因是净新客户资产的增加，其次是净新贷款上升，符合适度、有选择地扩大优质零售贷款业务的策略。年初至今的零售客户的净新客户账户数量创下新纪录，同比上升35%，进一步巩固瑞银在瑞士本国市场的领先银行地位。
资产管理业务录得调整后1 税前利润1.37亿瑞士法郎。管理费用收入上升的主要领域是传统投资及环球房地产业务。业绩报酬亦有上升，环球房地产部门升幅最为显著。不计货币市场资金流量，受客户流动性需要推动，净新资金流出为76亿瑞士法郎，主要是从利润率较低的被动型产品流出。
投资银行业务实现强劲业绩，调整后 税前利润达到6.14亿瑞士法郎。尽管市场环境充满挑战，收入仍同比上升6%。相比去年，投资客户服务部门表现出色，股票及外汇、利率和信贷业务的收入均有增长。成本得到很好的控制，费用相比上季度和去年均有下降。第三季度的调整后 专属股本回报率为33.6%。
企业中心 – 服务录得税前亏损2.57亿瑞士法郎。企业中心 – 集团资产和负债管理录得税前亏损1.11亿瑞士法郎。企业中心 – 非核心和遗留资产组合录得税前亏损8.18亿瑞士法郎，诉讼、监管和类似事项拨备的新增净费用是上述亏损的原因。同时，该部门在降低瑞士SRB杠杆率的分母方面再度取得进展。杠杆率分母下降120亿瑞士法郎至590亿瑞士法郎。
资本和成本
瑞银依然是全球大型银行中资本最充足的银行，截至2015年9月30日，全面采纳的瑞士SRB巴塞尔协议III CET1资本充足率为14.3%，超过目标至少13%。瑞银的全面采纳瑞士SRB杠杆率上升至5.0%。公司在第三季度发行了15亿瑞士法郎的高触发点额外一级（AT1）永久资本票据。同时，在第三季度，瑞银还完成了优先无担保债券的首轮发行，这将有助于提升公司的总损失吸收能力（TLAC）。瑞银及时预见国际监管发展动向（包括瑞士“机构大而不倒”制度的修订），成功发行42亿瑞士法郎优先无担保票据。
瑞银依然全力推进21亿瑞士法郎的成本削减目标，并在第三季度取得良好的进展，同时继续承担巨额监管成本。效率的提高使得瑞银能够继续投资于技术、合规及风险控制，同时建立合适的成本结构，以支持长期增长，尤其是在亚洲和美洲地区。
瑞银年度业绩目标和主要预期的变动
鉴于宏观经济条件的实际和预期变化，以及最近公布的“机构大而不倒”法规新提案，瑞银修订了集团和业务部门在2016年及后续年度的若干外部业绩目标和预期。以下是修订后的年度业绩目标和预期的概述。 在适用的情况下，这些业绩目标不包括管理层认为不能反映瑞银业务部门相关业绩的项目，譬如重组费用以及出售业务和物业资产的损益。 除非特别指出，业绩目标假设外币汇率保持一致。以下是修订后的业绩目标和预期：
- 调整后成本/收入比率目标依然是60–70%，短期至中期预期为65–75%。
- 瑞银预期2016年实现的调整后有形股权回报率（RoTE）与2015年大致持平，2017年实现调整后RoTE约为15%，2018年以后计划实现调整后RoTE高于15%。
- 集团风险加权资产（RWA）短期至中期内预期在2,500亿瑞士法郎左右浮动，主要原因是监管性通胀。
- 集团BIS巴塞尔协议III杠杆率分母（LRD）短期至中期内预期在9,500亿瑞士法郎左右浮动。
- 投资银行的RWA短期至中期内约为850亿瑞士法郎，取代此前RWA限额目标。
- BIS 巴塞尔协议III 的LRD短期指中期内预期约为3,250亿瑞士法郎，取代此前投资银行的融资资产限额目标
- 投资银行占集团总LRD和RWA的比例仍将不超过30–35%。
- 以等额的企业中心合计净成本削减目标取代“企业中心 –服务”和“企业中心 –非核心和遗留资产组合”分别的合计净成本削减目标，计划在2017年底前削减21亿瑞士法郎，其中在2015年底前削减14亿瑞士法郎。
奖项和成就
瑞银荣获《国际私人银行家》颁发的“杰出全球私人银行–总体”及“杰出全球私人银行 – 亚太地区”奖项。此外，瑞银还荣获《国际私人银行家》颁发的“最具创新数字化产品及服务”奖项。瑞银还荣获《银行家》 办颁发的“2015年度投资银行奖——金融机构最具创新投资银行”奖项。始终身处创新的前沿以及为客户提供业内最佳数字解决方案是瑞银的业务重心。作为上述努力的一部分，瑞银举办“瑞银金融业未来挑战赛”。这是一项面向企业家和初创科技企业的竞赛，旨在寻求支持金融业转型的构想与解决方案。挑战赛共收到50多个国家初创企业提出的600多项方案。地区决赛将在新加坡、伦敦、纽约和苏黎世举行；来自各地区的三名优胜者将应邀参加12月份在苏黎世举行的全球总决赛。
可持续绩效是瑞银的主要原则之一。在第三季度中，瑞银获评为“道琼斯可持续指数”（DJSI）的行业领袖。这项荣誉是对公司为客户和社区所提供支持、以及将社会效益与财务业绩相结合的认可。瑞银亦参加了RE100行动。该项行动呼吁全球最有影响力的公司仅使用可再生电力。瑞银已承诺，到2020年以前，瑞银的用电将全部来自可再生能源。这样，到2020年，瑞银的温室气体排放量将比2004年减少75%。在瑞士、德国和英国，瑞银使用的电力已全部来自可再生能源。在瑞士本国市场，2000年以来瑞银的能源效率已经提高30%以上。
在第三季度，瑞银启动了五年以来首次全球品牌宣传活动。这项活动展示了瑞银如何与客户共同努力，实现他们的目标和抱负。这项活动的口号是“您无须独自面对人生问题，让我们共同寻找答案”。这反映出瑞银将客户目标视为自身目标，共同努力帮助找到最佳答案的承诺。瑞银还将赞助主题为“女性”的安妮·莱博维茨摄影作品国际巡展。巡展将于2016年1月在伦敦启动，并在此后12个月内巡回至10个全球城市展出。展出的摄影作品将纳入“瑞银艺术品收藏”。
展望
我们在上几个季度强调的许多潜在宏观经济挑战和地缘政治问题依然存在，在可预见的未来难以得到解决。此外，最近变更瑞士“机构大而不倒”监管框架的提议将给公司带来显著持续的利息成本。我们还会继续看到利率方面的不利因素（利率并未如市场预期那样上升）、某些资产类别的负面的市场表现，以及本年欧元相对于瑞士法郎的疲软表现。我们正在实施所公布的措施，在我们逐步实现短期至中期有形股权回报率的过程中，减缓上述因素的影响。
事实证明，我们的战略在多种市场条件下取得了成功。我们会继续致力于严格自身战略的严格执行，以确保公司的长期成功，并为股东实现可持续的回报。
附加信息
2015年第4季度，瑞银预期将确认约5亿瑞士法郎的净附加递延税项资产，而第三季度递延税项资产净值上升15.13亿瑞士法郎主要与美国有关，反映出最新盈利预测以及递延税项资产估值中使用的相关税项盈利预期期限延长。
由于我们不断努力优化自身的法律实体结构，我们预计先前通过其他综合收入直接计入股本的部分外币汇兑损益，将会由于分公司和子公司的出售和关闭释放到损益账户。因此，我们目前预期将在2015年第4季度和2016年分别录得净外币汇兑损失约3,000万瑞士法郎和1.8亿瑞士法郎，但损益可能发生在不同时期。与以往实践一致，上述损益将作为调整项目处理，并记入“企业中心--集团资产和负债管理”。外币汇兑损失释放至损益账户不会影响股东的股权或监管资本。
1 请参阅本新闻稿末尾处“调整后业绩”(adjusted results)部分，了解调整后业绩的信息。
2 全年调整后有形股权回报率的目标约为10%。
UBS Group AG key figures (as reported)
| As of or for the quarter ended | As of or year-to-date | ||||
CHF million, except where indicated | 30.9.15 | 30.6.15 | 31.12.14 | 30.9.14 | 30.9.15 | 30.9.14 |
Group results | ||||||
Operating income | 7,170 | 7,818 | 6,746 | 6,876 | 23,829 | 21,281 |
Operating expenses | 6,382 | 6,059 | 6,342 | 7,430 | 18,575 | 19,224 |
Operating profit / (loss) before tax | 788 | 1,759 | 404 | -554 | 5,254 | 2,057 |
Net profit / (loss) attributable to UBS Group AG shareholders | 2,068 | 1,209 | 858 | 762 | 5,255 | 2,609 |
Diluted earnings per share (CHF)1 | 0.54 | 0.32 | 0.23 | 0.2 | 1.4 | 0.68 |
Key performance indicators2 | ||||||
Profitability | ||||||
Return on tangible equity (%) | 18.3 | 11 | 8 | 7.1 | 15.7 | 8.3 |
Return on assets, gross (%) | 3 | 3.1 | 2.6 | 2.7 | 3.2 | 2.8 |
Cost / income ratio (%) | 88.7 | 77.4 | 93.2 | 107.5 | 77.8 | 90.3 |
Growth | ||||||
Net profit growth (%) | 71.1 | -38.8 | 12.6 | -3.8 | 101.4 | 15.7 |
Net new money growth for combined wealth management businesses (%)3 | 0.8 | 1.5 | 1.7 | 3.1 | 2 | 2.7 |
Resources | ||||||
Common equity tier 1 capital ratio (fully applied, %)4 | 14.3 | 14.4 | 13.4 | 13.7 | 14.3 | 13.7 |
Leverage ratio (phase-in, %)5 | 5.8 | 5.4 | 5.4 | 5.4 | 5.8 | 5.4 |
Additional information | ||||||
Profitability | ||||||
Return on equity (RoE) (%) | 15.9 | 9.4 | 6.8 | 6.1 | 13.6 | 7.1 |
Return on risk-weighted assets, gross (%)6 | 13.3 | 14.5 | 12.3 | 12.2 | 14.6 | 12.4 |
Resources | ||||||
Total assets | 979,746 | 950,168 | 1,062,478 | 1,044,899 | 979,746 | 1,044,899 |
Equity attributable to UBS Group AG shareholders | 54,077 | 50,211 | 50,608 | 50,824 | 54,077 | 50,824 |
Common equity tier 1 capital (fully applied)4 | 30,948 | 30,265 | 28,941 | 30,047 | 30,948 | 30,047 |
Common equity tier 1 capital (phase-in)4 | 40,488 | 38,706 | 42,863 | 42,464 | 40,488 | 42,464 |
Risk-weighted assets (fully applied)4 | 216,314 | 209,777 | 216,462 | 219,296 | 216,314 | 219,296 |
Risk-weighted assets (phase-in)4 | 220,755 | 212,088 | 220,877 | 222,648 | 220,755 | 222,648 |
Common equity tier 1 capital ratio (phase-in, %)4 | 18.3 | 18.2 | 19.4 | 19.1 | 18.3 | 19.1 |
Total capital ratio (fully applied, %)4 | 22 | 21.2 | 18.9 | 18.7 | 22 | 18.7 |
Total capital ratio (phase-in, %)4 | 25.8 | 25 | 25.5 | 24.9 | 25.8 | 24.9 |
Leverage ratio (fully applied, %)5 | 5 | 4.7 | 4.1 | 4.2 | 5 | 4.2 |
Leverage ratio denominator (fully applied)5 | 946,476 | 944,422 | 997,822 | 980,669 | 946,476 | 980,669 |
Leverage ratio denominator (phase-in)5 | 952,156 | 949,134 | 1,004,869 | 987,327 | 952,156 | 987,327 |
Liquidity coverage ratio (%)7 | 127 | 121 | 123 | 128 | 127 | 128 |
Other | ||||||
Invested assets (CHF billion)8 | 2,577 | 2,628 | 2,734 | 2,640 | 2,577 | 2,640 |
Personnel (full-time equivalents) | 60,088 | 59,648 | 60,155 | 60,292 | 60,088 | 60,292 |
Market capitalization9 | 69,324 | 74,547 | 63,526 | 64,047 | 69,324 | 64,047 |
Total book value per share (CHF)9 | 14.41 | 13.71 | 13.94 | 13.54 | 14.41 | 13.54 |
Tangible book value per share (CHF)9 | 12.69 | 12.04 | 12.14 | 11.78 | 12.69 | 11.78 |
Income statement
| For the quarter ended | % change from | Year-to-date | ||||
CHF million, except per share data | 30.9.15 | 30.6.15 | 30.9.14 | 2Q15 | 3Q14 | 30.9.15 | 30.9.14 |
Interest income | 3,233 | 3,409 | 3,352 | -5 | -4 | 9,814 | 9,880 |
Interest expense | -1,387 | -1,918 | -1,478 | -28 | -6 | -4,841 | -5,192 |
Net interest income | 1,846 | 1,490 | 1,874 | 24 | -1 | 4,973 | 4,688 |
Credit loss (expense) / recovery | -28 | -13 | -32 | 115 | -13 | -58 | -18 |
Net interest income after credit loss expense | 1,817 | 1,478 | 1,842 | 23 | -1 | 4,915 | 4,670 |
Net fee and commission income | 4,111 | 4,409 | 4,273 | -7 | -4 | 12,921 | 12,680 |
Net trading income | 1,063 | 1,647 | 700 | -35 | 52 | 4,844 | 3,404 |
Other income | 179 | 285 | 61 | -37 | 193 | 1,148 | 526 |
Total operating income | 7,170 | 7,818 | 6,876 | -8 | 4 | 23,829 | 21,281 |
Personnel expenses | 3,841 | 4,124 | 3,739 | -7 | 3 | 12,138 | 11,548 |
General and administrative expenses | 2,285 | 1,695 | 3,468 | 35 | -34 | 5,694 | 7,018 |
Depreciation and impairment of property, equipment and software | 230 | 209 | 203 | 10 | 13 | 660 | 598 |
Amortization and impairment of intangible assets | 25 | 30 | 20 | -17 | 25 | 84 | 60 |
Total operating expenses | 6,382 | 6,059 | 7,430 | 5 | -14 | 18,575 | 19,224 |
Operating profit / (loss) before tax | 788 | 1,759 | -554 | -55 |
| 5,254 | 2,057 |
Tax expense / (benefit) | -1,295 | 443 | -1,317 |
| -2 | -182 | -665 |
Net profit / (loss) | 2,083 | 1,316 | 763 | 58 | 173 | 5,437 | 2,722 |
Net profit / (loss) attributable to preferred noteholders |
|
| 0 |
|
|
| 111 |
Net profit / (loss) attributable to non-controlling interests | 14 | 106 | 1 | -87 |
| 182 | 2 |
Net profit / (loss) attributable to UBS Group AG shareholders | 2,068 | 1,209 | 762 | 71 | 171 | 5,255 | 2,609 |
Earnings per share (CHF) | |||||||
Basic | 0.56 | 0.33 | 0.2 | 70 | 180 | 1.43 | 0.69 |
Diluted | 0.54 | 0.32 | 0.2 | 69 | 170 | 1.4 | 0.68 |
Comparison UBS Group AG (consolidated) versus UBS AG (consolidated)
| As of or for the quarter ended 30.9.15 | As of or for the quarter ended 30.6.15 | As of or for the quarter ended 31.12.14 |
| |||||||||
CHF million, except where indicated | UBS Group AG (consolidated) | UBS AG (consolidated) | Difference (absolute) | Difference (%) | UBS Group AG (consolidated) | UBS AG (consolidated) | Difference (absolute) | Difference (%) | UBS Group AG (consolidated) | UBS AG (consolidated) | Difference (absolute) | Difference (%) |
|
Income statement |
| ||||||||||||
Operating income | 7,170 | 7,189 | (19) | 0 | 7,818 | 7,784 | 34 | 0 | 6,746 | 6,745 | 1 | 0 |
|
Operating expenses | 6,382 | 6,401 | (19) | 0 | 6,059 | 6,087 | (28) | 0 | 6,342 | 6,333 | 9 | 0 |
|
Operating profit / (loss) | 788 | 788 | 0 | 0 | 1,759 | 1,698 | 61 | 4 | 404 | 412 | (8) | (2) |
|
of which: Wealth Management | 639 | 636 | 3 | 0 | 756 | 752 | 4 | 1 | 646 | 646 | 0 | 0 |
|
of which: Wealth Management Americas | 259 | 252 | 7 | 3 | 191 | 185 | 6 | 3 | 211 | 211 | 0 | 0 |
|
of which: Retail & Corporate | 466 | 466 | 0 | 0 | 397 | 397 | 0 | 0 | 340 | 340 | 0 | 0 |
|
of which: Asset Management | 114 | 114 | 0 | 0 | 130 | 129 | 1 | 1 | 85 | 85 | 0 | 0 |
|
of which: Investment Bank | 496 | 485 | 11 | 2 | 551 | 538 | 13 | 2 | 217 | 217 | 0 | 0 |
|
of which: Corporate Center | (1,186) | (1,165) | (21) | 2 | (267) | (303) | 36 | (12) | (1,096) | (1,087) | (9) | 1 |
|
of which: Services | (257) | (259) | 2 | (1) | (253) | (247) | (6) | 2 | (249) | (241) | (8) | 3 |
|
of which: Group ALM | (111) | (90) | (21) | 23 | 132 | 89 | 43 | 48 | (106) | (106) | 0 | 0 |
|
of which: Non-core and Legacy Portfolio | (818) | (817) | (1) | 0 | (145) | (145) | 0 | 0 | (741) | (741) | 0 | 0 |
|
Net profit / (loss) | 2,083 | 2,085 | (2) | 0 | 1,316 | 1,255 | 61 | 5 | 919 | 927 | (8) | (1) |
|
of which: attributable to shareholders | 2,068 | 2,083 | (15) | (1) | 1,209 | 1,178 | 31 | 3 | 858 | 893 | (35) | (4) |
|
of which: attributable to preferred noteholders |
| 1 | (1) |
| 0 | 76 | (76) |
| 31 | 31 | 0 | 0 |
|
of which: attributable to non-controlling interests | 14 | 1 | 13 |
| 106 | 1 | 105 |
| 29 | 2 | 27 |
|
|
Statement of comprehensive income |
| ||||||||||||
Other comprehensive income | 1,393 | 1,393 | 0 | 0 | (1,900) | (1,900) | 0 | 0 | 424 | 424 | 0 | 0 |
|
of which: attributable to shareholders | 1,291 | 1,314 | (23) | (2) | (1,805) | (1,849) | 44 | (2) | 368 | 374 | (6) | (2) |
|
of which: attributable to preferred noteholders |
| 79 | (79) |
|
| (49) | 49 |
| 11 | 50 | (39) | (78) |
|
of which: attributable to non-controlling interests | 102 | 0 | 102 |
| (96) | (2) | (94) |
| 45 | 0 | 45 |
|
|
Total comprehensive income | 3,475 | 3,478 | (3) | 0 | (584) | (645) | 61 | (9) | 1,343 | 1,352 | (9) | (1) |
|
of which: attributable to shareholders | 3,360 | 3,397 | (37) | (1) | (595) | (671) | 76 | (11) | 1,226 | 1,268 | (42) | (3) |
|
of which: attributable to preferred noteholders |
| 80 | (80) |
|
| 26 | (26) |
| 42 | 81 | (39) | (48) |
|
of which: attributable to non-controlling interests | 116 | 0 | 116 |
| 11 | (1) | 12 |
| 74 | 3 | 71 |
|
|
Balance sheet |
| ||||||||||||
Total assets | 979,746 | 981,891 | (2,145) | 0 | 950,168 | 951,528 | (1,360) | 0 | 1,062,478 | 1,062,327 | 151 | 0 |
|
Total liabilities | 923,712 | 925,808 | (2,096) | 0 | 896,915 | 897,966 | (1,051) | 0 | 1,008,110 | 1,008,162 | (52) | 0 |
|
Total equity | 56,034 | 56,083 | (49) | 0 | 53,253 | 53,562 | (309) | (1) | 54,368 | 54,165 | 203 | 0 |
|
of which: attributable to shareholders | 54,077 | 54,126 | (49) | 0 | 50,211 | 51,685 | (1,474) | (3) | 50,608 | 52,108 | (1,500) | (3) |
|
of which: attributable to preferred noteholders |
| 1,919 | (1,919) |
|
| 1,840 | (1,840) |
|
| 2,013 | (2,013) |
|
|
of which: attributable to non-controlling interests | 1,957 | 38 | 1,919 |
| 3,042 | 38 | 3,004 |
| 3,760 | 45 | 3,715 |
|
|
Capital information (fully applied) |
| ||||||||||||
Common equity tier 1 capital | 30,948 | 33,183 | (2,235) | (7) | 30,265 | 32,834 | (2,569) | (8) | 28,941 | 30,805 | (1,864) | (6) |
|
Additional tier 1 capital | 5,578 | 0 | 5,578 |
| 3,777 | 0 | 3,777 |
| 467 | 0 | 467 |
|
|
Tier 2 capital | 11,114 | 10,198 | 916 | 9 | 10,531 | 9,613 | 918 | 10 | 11,398 | 10,451 | 947 | 9 |
|
Total capital | 47,640 | 43,381 | 4,259 | 10 | 44,573 | 42,447 | 2,126 | 5 | 40,806 | 41,257 | (451) | (1) |
|
Risk-weighted assets | 216,314 | 217,472 | (1,158) | (1) | 209,777 | 210,400 | (623) | 0 | 216,462 | 217,158 | (696) | 0 |
|
Common equity tier 1 capital ratio (%) | 14.3 | 15.3 | (1.0) |
| 14.4 | 15.6 | (1.2) |
| 13.4 | 14.2 | (0.8) |
|
|
Total capital ratio (%) | 22.0 | 19.9 | 2.1 |
| 21.2 | 20.2 | 1.0 |
| 18.9 | 19.0 | (0.1) |
|
|
Leverage ratio denominator | 946,476 | 949,548 | (3,072) | 0 | 944,422 | 946,457 | (2,035) | 0 | 997,822 | 999,124 | (1,302) | 0 |
|
Leverage ratio (%) | 5.0 | 4.6 | 0.4 |
| 4.7 | 4.5 | 0.2 |
| 4.1 | 4.1 | 0.0 |
|
|
/content/sites/global/en/investor-relations/financial-information/quarterly-reporting/2015porting/2015porting/2015porting/2015ion will be available from 06:45 CEST on Tuesday, 3 November 2015 at www.ubs.com/quarterlyreporting.
UBS will hold a presentation of its third quarter 2015 results on Tuesday, 3 November 2015. The results will be presented by Sergio P. Ermotti, Group Chief Executive Officer, Tom Naratil, Group Chief Financial Officer and Group Chief Operating Officer, Caroline Stewart, Global Head of Investor Relations, and Hubertus Kuelps, Group Head of Communications & Branding.
Time
- 09:00–11.00 (CET)
- 08:00–10.00 (GMT)
- 03:00–05.00 (US EST)
Audio webcast
The presentation for analysts can be followed live on www.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
Investor contact
Switzerland: +41-44-234 41 00
Media contact
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
Americas: +1-212-882 58 57
APAC: +852-297-1 82 00
Cautionary statement regarding forward-looking statements
This 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 planned further reduction in its Basel III risk-weighted assets (RWA) and leverage ratio denominator (LRD), and the degree to which UBS is successful in implementing changes to its business to meet changing market, regulatory and other conditions; (ii) developments in the markets in which UBS operates or to which it is exposed, including movements in securities prices or liquidity, credit spreads, currency exchange rates and interest 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 bail-in debt 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 (including leverage ratio), liquidity and funding requirements, incremental tax requirements, additional levies, limitations on permitted activities, constraints on remuneration or other measures; (v) uncertainty as to when and to what degree the Swiss Financial Market Supervisory Authority (FINMA) will approve reductions to the incremental RWA resulting from the supplemental operational risk capital analysis mutually agreed to by UBS and FINMA, or will approve a limited reduction of capital requirements due to measures to reduce resolvability risk; (vi) the degree to which UBS is successful in implementing 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; (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 measures to impose new or enhanced duties when interacting with customers or 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; (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 and systems failures; (xvi) restrictions to the ability of subsidiaries of the Group to make loans or distributions of any kind, directly or indirectly, to UBS Group AG; (xvii) 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; and (xviii) the degree to which changes in regulation, capital or legal structure, financial results or other factors may affect UBS’s ability to maintain its stated capital return objective. 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 2014. 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
Unless otherwise indicated, third-quarter 2015 "adjusted" figures exclude each of the following items, to the extent applicable, on a Group and business division level: a gain of CHF 81 million related to our investment in the SIX Group, an own credit gain of CHF 32 million, foreign currency translation losses of CHF 27 million from the disposal of a subsidiary, as well as net restructuring charges of CHF 298 million and a credit related to a change to retiree benefit plans in the US of CHF 21 million. For the second quarter of 2015, the items we excluded were an own credit gain of CHF 259 million, a gain of CHF 56 million on the sale of the Belgian domestic Wealth Management business, a gain from a further partial sale of our investment in Markit of CHF 11 million, as well as net restructuring charges of CHF 191 million and an impairment of an intangible asset of CHF 11 million. Adjusted results are non-GAAP financial measures as defined by SEC regulations. Please refer to the "Group performance" section of the Third Quarter 2015 Report for more information on adjusted results.
Rounding
Numbers presented throughout this release may not add up precisely to the totals provided in the tables and text. Percentages, percent changes and absolute variances are calculated based on rounded figures displayed in the tables and text and may not precisely reflect the percentages, percent changes and absolute variances that would be derived based on 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.
