UBS GROUP AG
liquidity and funding management" section of the UBS Group second quarter 2020
report for more information. 7 Includes invested assets for Global Wealth
Management, Asset Management and Personal & Corporate Banking. 8 Refer to "UBS
shares" in the "Capital management" section of the UBS Group second quarter
2020 report for more information.
Income statement
% change
For the quarter ended from Year-to-date
USD million 30.6.20 31.3.20 30.6.19 1Q20 2Q19 30.6.20 30.6.19
Net interest
income 1,392 1,330 1,026 5 36 2,722 2,149
Other net income
from financial
instruments
measured at fair
value through
profit or loss 1,932 1,807 1,939 7 0 3,738 3,874
Credit loss
(expense) /
recovery (272) (268) (12) 2 (540) (33)
Fee and
commission
income 4,729 5,477 4,907 (14) (4) 10,207 9,448
Fee and
commission
expense (419) (456) (434) (8) (3) (875) (842)
Net fee and
commission
income 4,311 5,021 4,474 (14) (4) 9,332 8,606
Other income 41 43 105 (6) (61) 84 154
Total operating
income 7,403 7,934 7,532 (7) (2) 15,337 14,750
Personnel
expenses 4,283 4,321 4,153 (1) 3 8,604 8,196
General and
administrative
expenses 1,063 1,133 1,175 (6) (10) 2,196 2,362
Depreciation and
impairment of
property,
equipment and
software 458 456 427 0 7 914 854
Amortization and
impairment of
goodwill and
intangible
assets 17 16 18 8 (5) 32 33
Total operating
expenses 5,821 5,926 5,773 (2) 1 11,747 11,445
Operating profit
/ (loss) before
tax 1,582 2,008 1,759 (21) (10) 3,591 3,305
Tax expense /
(benefit) 347 410 366 (15) (5) 757 773
Net profit /
(loss) 1,236 1,598 1,393 (23) (11) 2,833 2,532
Net profit /
(loss)
attributable to
non-controlling
interests 3 3 1 13 246 6 (1)
Net profit /
(loss)
attributable to
shareholders 1,232 1,595 1,392 (23) (11) 2,827 2,533
Comprehensive
income
Total
comprehensive
income 209 4,195 2,473 (95) (92) 4,404 3,512
Total
comprehensive
income
attributable to
non-controlling
interests 4 (2) (5) 3 (3)
Total
comprehensive
income
attributable to
shareholders 205 4,197 2,478 (95) (92) 4,402 3,515
Comparison between UBS Group AG consolidated and UBS AG consolidated
As of or for the quarter ended
As of or for the quarter ended 30.6.20 As of or for the quarter ended 31.3.20 31.12.19
USD million, Difference
except where UBS Group AG UBS AG Difference UBS Group AG UBS AG Difference UBS Group AG UBS AG
indicated consolidated consolidated (absolute) consolidated consolidated (absolute) consolidated consolidated (absolute)
Income statement
Operating income 7,403 7,512 (109) 7,934 8,009 (75) 7,052 7,145 (93)
Operating
expenses 5,821 5,987 (166) 5,926 6,210 (285) 6,124 6,332 (207)
Operating profit
/ (loss) before
tax 1,582 1,525 57 2,008 1,799 209 928 814 114
of which: Global
Wealth
Management 880 868 12 1,218 1,201 18 766 754 12
of which:
Personal &
Corporate
Banking 238 238 0 334 335 0 310 311 (1)
of which: Asset
Management 157 157 0 157 157 0 180 180 0
of which:
Investment Bank 612 611 1 709 679 30 (22) (18) (4)
of which: Group
Functions (305) (349) 44 (410) (572) 162 (306) (413) 107
Net profit /
(loss) 1,236 1,197 39 1,598 1,424 174 727 628 100
of which: net
profit / (loss)
attributable to
shareholders 1,232 1,194 39 1,595 1,421 174 722 622 100
of which: net
profit / (loss)
attributable to
non-controlling
interests 3 3 0 3 3 0 6 6 0
Statement of
comprehensive
income
Other
comprehensive
income (1,026) (1,035) 9 2,597 2,671 (74) (2,295) (1,475) (819)
of which:
attributable to
shareholders (1,027) (1,037) 9 2,602 2,675 (74) (2,299) (1,479) (819)
of which:
attributable to
non-controlling
interests 1 1 0 (5) (5) 0 4 4 0
Total
comprehensive
income 209 161 48 4,195 4,095 100 (1,567) (847) (720)
of which:
attributable to
shareholders 205 157 48 4,197 4,097 100 (1,577) (857) (720)
of which:
attributable to
non-controlling
interests 4 4 0 (2) (2) 0 10 10 0
Balance sheet
Total assets 1,063,838 1,063,435 403 1,098,099 1,099,185 (1,085) 972,183 971,916 267
Total liabilities 1,006,630 1,007,847 (1,216) 1,039,981 1,041,201 (1,220) 917,476 917,988 (512)
Total equity 57,207 55,589 1,619 58,118 57,983 135 54,707 53,928 779
of which: equity
attributable to
shareholders 57,035 55,416 1,619 57,949 57,814 135 54,533 53,754 779
of which: equity
attributable to
non-controlling
interests 173 173 0 169 169 0 174 174 0
Capital
information
Common equity
tier 1 capital 38,146 37,435 711 36,691 36,194 497 35,582 35,280 302
Going concern
capital 53,537 50,986 2,551 51,916 47,115 4,801 51,888 47,237 4,650
Risk-weighted
assets 286,436 284,798 1,639 286,256 284,706 1,551 259,208 257,831 1,376
Common equity
tier 1 capital
ratio (%) 13.3 13.1 0.2 12.8 12.7 0.1 13.7 13.7 0.0
Going concern
capital ratio
(%) 18.7 17.9 0.8 18.1 16.5 1.6 20.0 18.3 1.7
Total
loss-absorbing
capacity ratio
(%) 32.7 32.0 0.7 32.7 32.1 0.6 34.6 33.9 0.7
Leverage ratio
denominator 974,348 974,124 224 955,932 957,199 (1,267) 911,325 911,232 94
Leverage ratio
denominator
(with temporary
FINMA
exemption)(1) 885,146 910,070 (24,925) 877,463 903,756 (26,293)
Common equity
tier 1 leverage
ratio (%) 3.92 3.84 0.07 3.84 3.78 0.06 3.90 3.87 0.03
Common equity
tier 1 leverage
ratio (%) (with
temporary FINMA
exemption)(1) 4.31 4.11 0.20 4.18 4.00 0.18
Going concern
leverage ratio
(%) 5.5 5.2 0.3 5.4 4.9 0.5 5.7 5.2 0.5
Going concern
leverage ratio
(%) (with
temporary FINMA
exemption)(1) 6.0 5.6 0.4 5.9 5.2 0.7
Total
loss-absorbing
capacity
leverage ratio
(%) 9.6 9.3 0.3 9.8 9.5 0.3 9.8 9.6 0.2
1 Refer to the "Recent developments" and "Capital management" sections of the
UBS Group second quarter 2020 report for further details about the temporary
FINMA exemption.
UBS's second quarter 2020 report, news release and slide presentation will be available from 06:45 CEST on Tuesday, 21 July 2020, at www.ubs.com/quarterlyreporting.
UBS will hold a presentation of its second quarter 2020 results on Tuesday, 21 July 2020. The results will be presented by Sergio P. Ermotti, Group Chief Executive Officer, Kirt Gardner, Group Chief Financial Officer, Martin Osinga, Investor Relations, and Mark Hengel, Group External Communications.
Time
-- 09:00--11:00 CEST
-- 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
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