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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  UBS Group    UBSG   CH0244767585

UBS GROUP

(UBSG)
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UBS : is the first bank in Switzerland to offer companies access to the trade finance platform we.trade with immediate effect

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10/17/2019 | 03:34am EST

Zurich, 17 October 2019 - Being the first Swiss bank UBS enables corporate customers in Switzerland to access the trade finance platform we.trade, utilizing a blockchain. Thanks to this innovative solution, Swiss corporate clients can carry out trade finance transactions within Switzerland and Europe digitally and easily, thus achieving significant efficiency gains. We.trade makes it possible for suppliers and buyers to collaboratively process transactions effortlessly and swiftly on a single platform.

The platform is characterized by increased trust, security, transparency and a high cash flow planning accuracy for trade financing transactions. For example, sellers can ensure that they receive the agreed amount at an agreed time and hedge counterparty risks.

The international trade finance platform we.trade was jointly developed by an international banking consortium. In addition to UBS, 13 other European banks and their customers are represented on the platform. The we.trade network is to be expanded by further banks in the coming months and expanded outside Europe. New functions on the platform are continuously reviewed and further developed on the basis of direct feedback from customers.

UBS Switzerland AG

Disclaimer

UBS Group AG published this content on 17 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 October 2019 07:33:02 UTC

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Financials (CHF)
Sales 2019 28 684 M
EBIT 2019 5 662 M
Net income 2019 4 266 M
Debt 2019 32 299 M
Yield 2019 6,11%
P/E ratio 2019 10,7x
P/E ratio 2020 9,87x
EV / Sales2019 2,63x
EV / Sales2020 2,59x
Capitalization 43 266 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 13,61  CHF
Last Close Price 11,92  CHF
Spread / Highest target 42,7%
Spread / Average Target 14,2%
Spread / Lowest Target -39,2%
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Managers
NameTitle
Sergio P. Ermotti Group Chief Executive Officer
Axel A. Weber Chairman
Sabine Keller-Busse Group Chief Operating Officer
Kirt Gardner Group Chief Financial Officer
Reto Francioni Independent Director
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