3Q22 internet revenue of USD 1.7bn, 15.5% return on CET1 capital and 14.4% CET1 capital ratio (Advert hoc announcement pursuant to Article 53 of the SIX Trade

3Q22 internet revenue of USD 1.7bn, 15.5% return on CET1 capital and 14.4% CET1 capital ratio (Advert hoc announcement pursuant to Article 53 of the SIX Trade

ZURICH & BASEL, Switzerland, October 25, 2022–(BUSINESS WIRE)–Regulatory Information:

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/information/dwelling/20221024005973/en/

3Q22 internet revenue of USD 1.7bn, 15.5% return on CET1 capital and 14.4% CET1 capital ratio (Advert hoc announcement pursuant to Article 53 of the SIX Trade

Ralph Hamers Quote

UBS: (NYSE:UBS) (SWX:UBSN):

UBS’s 3Q22 outcomes supplies can be found at ubs.com/buyers
The audio webcast of the earnings name begins at 09:00 CEST, 25 October 2022

A definition of every different efficiency measure, the tactic used to calculate it and the data content material are offered below “Different efficiency measures” within the appendix to our 3Q22 report.

Group highlights

  • We’ve robust momentum with our shoppers in difficult markets
    Our proactive engagement with our shoppers led to constructive momentum with USD 17bn internet new fee-generating property1 (NNFGA) in GWM, USD 18bn of internet new cash in AM (of which USD 2bn excluding cash market flows), and CHF 0.4bn internet new funding merchandise in Private Banking, an 8% annualized development, amidst difficult market circumstances. As shoppers repositioned their investments in response to quick and steep rate of interest will increase, we continued to actively handle our deposit base which resulted in a 14% YoY improve in internet curiosity revenue throughout GWM and P&C. Consumer exercise was differentiated throughout segments as institutional shoppers remained very lively on the again of excessive volatility in overseas trade and charges, whereas non-public buyers remained typically on the sidelines.

    In Americas, we attracted internet new fee-generating property of USD 4bn, we continued to see constructive momentum in our SMA providing, which contributed USD 5bn internet new cash in AM, and we had a powerful quarter in advisor recruiting.

    In Switzerland, we noticed CHF 2bn internet new loans in GWM and P&C mixed, primarily pushed by mortgages.

    In EMEA, our International Markets enterprise had its greatest 3Q on document, we generated USD 6bn internet new fee-generating property, and we accomplished the sale of our home wealth administration enterprise in Spain which additional optimizes our footprint.

    In APAC we noticed USD 7bn internet new fee-generating property and we have been #1 in ECM for non-domestic banks.

  • We delivered a very good efficiency and are executing our technique
    3Q22 PBT was USD 2,323m (down 19% YoY) in comparison with a very robust quarter within the earlier 12 months. The fee/revenue ratio was 71.8%. Complete revenues have been down 10% YoY, whereas working bills decreased by 6%. Internet revenue attributable to shareholders was USD 1,733m (down 24% YoY), with diluted earnings per share of USD 0.52. Return on CET1 capital was 15.5%. We repurchased USD 1.0bn of shares in 3Q22 and USD 4.3bn within the first 9 months of the 12 months, and we anticipate to repurchase roughly USD 5.5bn of shares throughout 2022. Our publicity to rising rates of interest throughout the globe and expense controls contributed to the quarter’s stable efficiency.

  • We maintained a powerful stability sheet and disciplined threat administration
    Within the quarter, we maintained a powerful capital place with a CET1 capital ratio of 14.4% and a CET1 leverage ratio of 4.51%, each considerably in extra of our steerage of ~13% and >3.7%, respectively. Our stability sheet stays robust, with a high-quality mortgage guide the place 95% of our loans2 are collateralized, and with a mean LTV of lower than 55%. Our extremely accretive, capital-light enterprise mannequin with a stability sheet for all seasons and disciplined threat administration place us nicely to face the challenges of the present macroeconomic surroundings.

Ralph Hamers, UBS’s Group CEO

“The macroeconomic and geopolitical surroundings has turn out to be more and more advanced. Purchasers stay involved about persistently excessive inflation, elevated power costs, the conflict in Ukraine and residual results of the pandemic. In Switzerland, a lot of our retail and small enterprise shoppers may also be impacted by disruptions throughout the remainder of Europe, and we’re centered on supporting them by the power disaster.

The impression of all this has been far-reaching – affecting asset ranges, market volatility, charges and investor sentiment throughout the globe, and with this uncertainty shoppers turned to us for recommendation and options. They entrusted us with USD 17 billion of internet new fee-generating property in International Wealth Administration and USD 18 billion of internet new cash in Asset Administration.

We proceed to execute our technique throughout all our key areas. Within the US, we’re driving scale and productiveness, bettering revenue earlier than tax margins and positioning our enterprise for future development, all supported by robust advisor hiring. In APAC, we see robust development alternatives and took steps to increase our International Household and Institutional Wealth enterprise in Southeast Asia. In Switzerland, the soundness of our enterprise is underpinned by continued stable development. And in EMEA, we additional optimized our footprint to drive effectivity and give attention to development.

For the quarter, we delivered good monetary efficiency, with increased internet curiosity revenue partly offsetting the impression of decrease market ranges and consumer exercise. We stay disciplined on threat administration and value effectivity as we head into the fourth quarter.

With restricted credit score threat, a stability sheet for all seasons and a extremely capital generative mannequin, we stay assured in our means to ship engaging and sustainable capital returns to shareholders.”

Third quarter 2022 efficiency overview – Group

Group

3Q22

9M22

Targets/steerage

Return on CET1 capital

15.5%

 

 

 

 

17.8%

 

 

 

 

15–18%

Return on tangible fairness

13.9%

 

 

 

 

15.4%

 

 

 

 

 

Price/revenue ratio

71.8%

 

 

 

 

71.0%

 

 

 

 

70–73%

Internet revenue attributable to shareholders

USD 1.7bn

 

 

 

 

USD 6.0bn

 

 

 

 

 

CET1 capital ratio

14.4%

 

 

 

 

14.4%

 

 

 

 

~13%

CET1 leverage ratio

4.51%

 

 

 

 

4.51%

 

 

 

 

>3.7%

Tangible guide worth per share

USD 15.57

 

 

 

 

USD 15.57

 

 

 

 

 

Buybacks

USD 1.0bn

 

 

 

 

USD 4.3bn

 

 

 

 

USD ~5.5bn in FY22

Group PBT USD 2,323m, (19%) YoY

PBT was USD 2,323m, together with internet credit score loss releases of USD 3m. The fee/revenue ratio was 71.8%, 3.1 proportion factors increased YoY. Complete revenues have been down 10% YoY, whereas working bills decreased by 6%. Internet revenue attributable to shareholders was USD 1,733m (down 24% YoY), with diluted earnings per share of USD 0.52. Return on CET1 capital was 15.5%.

Third quarter 2022 efficiency overview – Enterprise Divisions and Group Features

International Wealth Administration

3Q22

 

 

 

 

9M22

 

 

 

 

Targets/steerage

Revenue earlier than tax

USD 1.5bn

 

 

 

 

USD 3.9bn

 

 

 

 

 

PBT development

(4%) YoY

 

 

 

 

(7%) YoY

 

 

 

 

10–15% over the cycle

Invested property

USD 2.7trn

 

 

 

 

USD 2.7trn

 

 

 

 

 

Internet new fee-generating property1

USD 17.1bn

 

 

 

 

USD 36.9bn

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Private & Company Banking

 

 

 

 

 

 

 

 

 

 

 

Revenue earlier than tax

CHF 0.4bn

 

 

 

 

CHF 1.2bn

 

 

 

 

 

Return on attributed fairness (CHF)

19%

 

 

 

 

19%

 

 

 

 

 

Internet new funding merchandise for Private Banking

CHF 0.4bn

 

 

 

 

CHF 1.9bn

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asset Administration

 

 

 

 

 

 

 

 

 

 

 

Revenue earlier than tax

USD 0.1bn

 

 

 

 

USD 1.3bn

 

 

 

 

 

Invested property

USD 1.0trn

 

 

 

 

USD 1.0trn

 

 

 

 

 

Internet new cash excl. cash markets

USD 2.0bn

 

 

 

 

USD 4.0bn

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Funding Financial institution

 

 

 

 

 

 

 

 

 

 

 

Revenue earlier than tax

USD 0.4bn

 

 

 

 

USD 1.8bn

 

 

 

 

 

Return on attributed fairness

14%

 

 

 

 

18%

 

 

 

 

 

RWA and LRD vs. Group

30% / 31%

 

 

 

 

30% / 31%

 

 

 

 

As much as 1/3

International Wealth Administration (GWM) PBT USD 1,453m, (4%) YoY

Complete revenues decreased by 4% YoY to USD 4,786m, together with a USD 133m achieve from the sale of our home wealth administration enterprise in Spain and an USD 86m achieve from the sale of UBS Swiss Monetary Advisers AG. 3Q21 included a USD 100m achieve from the sale of our home wealth administration enterprise in Austria. Internet curiosity revenue elevated by 23%, primarily reflecting increased deposit revenues, which have been pushed by increased deposit margins, because of rising rates of interest, and regardless of a lower in deposit volumes. Recurring internet charge revenue decreased by 14%, primarily pushed by unfavourable market efficiency and overseas foreign money results, partly offset by incremental revenues from internet new fee-generating property. Transaction-based revenue decreased by 18%, primarily pushed by decrease ranges of consumer exercise throughout all areas. Internet credit score loss bills have been USD 7m, in contrast with internet releases of USD 11m in 3Q21. Working bills have been down 5%, primarily pushed by a lower in personnel bills, primarily because of decrease monetary advisor variable compensation. The fee/revenue ratio was 69.5%, down 0.3 proportion factors YoY. Charge-generating property have been down 5% sequentially to USD 1,182bn. Internet new fee-generating property1 have been USD 17.1bn.

Private & Company Banking (P&C) PBT CHF 430m, (2%) YoY

Complete revenues elevated by CHF 5m YoY. Internet curiosity revenue decreased by 1%, primarily pushed by a decrease profit from the Swiss Nationwide Financial institution deposit exemption and decrease deposit charges, largely offset by increased deposit margins because of rising rates of interest. Recurring internet charge revenue elevated by 3%, largely pushed by increased revenues from account charges. Transaction-based revenue elevated by 2% on increased revenues from FX and bank card transactions, reflecting increased spending by shoppers, and a achieve in relation to the sale of an fairness funding. Internet credit score loss releases have been CHF 15m, in contrast with internet releases of CHF 6m in 3Q21. Working bills elevated by 4%, primarily pushed by increased investments in expertise, bills for advertising, and donations. The fee/revenue ratio was 58.5%, 2.0 proportion factors increased YoY.

Asset Administration (AM) PBT USD 140m, (34%) YoY

Complete revenues have been down 13% YoY. Internet administration charges decreased by 10%, primarily reflecting unfavourable market efficiency and overseas foreign money results. Efficiency charges decreased by USD 19m, primarily in our Hedge Fund Companies and Equities. Working bills have been broadly steady, with favorable overseas foreign money results and decrease litigation bills being virtually completely offset by will increase in bills for expertise, personnel and journey. The fee/revenue ratio was 72.8%, 8.9 proportion factors increased YoY. Invested property decreased by 5% sequentially to USD 979bn. Internet new cash was USD 17.9bn (of which USD 2.0bn excluding cash market flows, pushed by Mounted Earnings).

Funding Financial institution (IB) PBT USD 447m, (47%) YoY

Complete revenues decreased by 19%. International Markets revenues decreased by USD 21m, or 1%, with decrease Fairness Derivatives, Money Equities and Financing revenues being largely offset by increased revenues in Overseas Trade and Charges. International Banking revenues decreased by USD 463m, or 58%, largely pushed by decrease Capital Markets revenues. Working bills decreased by 6%, primarily pushed by favorable overseas foreign money results, partly offset by increased bills on expertise. The fee/revenue ratio was 77.8%, 11.3 proportion factors increased YoY. Return on attributed fairness was 14.0%.

Group Features PBT USD (158)m, in contrast with USD (180)m in 3Q21

Extending UBS’s management in sustainable finance

Sustainable finance has lengthy been a firm-wide precedence at UBS. We goal to supply options to assist non-public and institutional shoppers meet their funding targets, together with by sustainable finance. As well as, we wish to be the supplier of alternative for shoppers who want to mobilize capital towards the achievement of the United Nations 17 Sustainable Growth Targets (UN SDGs).

Driving constructive change for shoppers and communities

We supported our shoppers’ funding and sustainability objectives with different and tailor-made funding options. UBS, along with chosen household places of work and a pension supervisor, accomplished a USD 700m fund to develop energy- environment friendly chilly storage services throughout the USA.

We additionally raised GBP 400m to develop life sciences services within the UK. These services are anticipated to create expert employment alternatives for native economies along with advancing healthcare.

In collaboration with Essex Pension Fund and Hymans Robertson, we launched an funding fund particularly tailor-made to satisfy Essex Pension Fund’s targets to spend money on corporations main the transition to a low-carbon economic system. As well as, the funding fund makes a constructive social contribution by favoring corporations that align with 5 of the UN SDGs.

Facilitating the power transition

In July, Nant de Drance, a 900 MW pumped storage energy plant in Valais, Switzerland, commenced operations, supporting the power transition in Switzerland. UBS led numerous capital market financing for this challenge over its 14 years of development.

We additionally introduced long-term collaborations with two corporations pioneering new carbon removing applied sciences. Over the subsequent 13 years, these corporations goal to take away an mixture of 39,500 metric tons of CO₂ from the ambiance. For reference, UBS’s 2021 internet scope 1 and a couple of greenhouse gasoline emissions have been 14,300 metric tons of CO₂ equal.

Supporting refugees of the conflict in Ukraine

As of 30 September 2022, the UBS Optimus Basis Ukraine Aid Fund had disbursed virtually half of the greater than USD 50m dedicated by shoppers, workers, UBS and our strategic associate XTX Markets for reduction and restoration efforts in response to the conflict in Ukraine. The Fund is supporting a spread of organizations and their native companions in Ukraine and the neighboring nations of Poland, Moldova and Romania. These organizations embody the Worldwide Rescue Committee and its companions, which had reached greater than 14,000 households with emergency money help and seven,600 individuals with important items as of the top of September 2022.

Data on this information launch is offered for UBS Group AG on a consolidated foundation except in any other case specified. Monetary data for UBS AG (consolidated) doesn’t differ materially from UBS Group AG (consolidated) and a comparability between UBS Group AG (consolidated) and UBS AG (consolidated) is offered on the finish of this information launch.

1 Internet new fee-generating property exclude the results on fee-generating property of strategic selections by UBS to exit markets or companies.

2 Loans and advances to clients.

Our key figures

 

 

As of or for the quarter ended

 

As of or year-to-date

USD m, besides the place indicated

 

30.9.22

30.6.22

31.12.21

30.9.21

 

30.9.22

30.9.21

Group outcomes

 

 

 

 

 

 

 

 

Complete revenues

 

8,236

8,917

8,705

9,115

 

26,534

26,689

Credit score loss expense / (launch)

 

(3)

7

(27)

(14)

 

22

(121)

Working bills

 

5,916

6,295

7,003

6,264

 

18,845

19,054

Working revenue / (loss) earlier than tax

 

2,323

2,615

1,729

2,865

 

7,667

7,755

Internet revenue / (loss) attributable to shareholders

 

1,733

2,108

1,348

2,279

 

5,977

6,109

Diluted earnings per share (USD)1

 

0.52

0.61

0.38

0.63

 

1.74

1.68

Profitability and development2

 

 

 

 

 

 

 

 

Return on fairness (%)

 

12.3

14.6

8.9

15.3

 

13.7

13.8

Return on tangible fairness (%)

 

13.9

16.4

10.0

17.2

 

15.4

15.5

Return on frequent fairness tier 1 capital (%)

 

15.5

18.9

11.9

20.8

 

17.8

19.5

Return on leverage ratio denominator, gross (%)

 

3.3

3.4

3.3

3.5

 

3.4

3.4

Price / revenue ratio (%)

 

71.8

70.6

80.5

68.7

 

71.0

71.4

Efficient tax price (%)

 

25.0

19.0

21.4

20.1

 

21.7

21.0

Internet revenue development (%)

 

(24.0)

5.1

(17.6)

8.9

 

(2.2)

24.2

Sources2

 

 

 

 

 

 

 

 

Complete property

 

1,111,753

1,113,193

1,117,182

1,088,773

 

1,111,753

1,088,773

Fairness attributable to shareholders

 

55,756

56,845

60,662

60,219

 

55,756

60,219

Widespread fairness tier 1 capital3

 

44,664

44,798

45,281

45,022

 

44,664

45,022

Danger-weighted property3

 

310,615

315,685

302,209

302,426

 

310,615

302,426

Widespread fairness tier 1 capital ratio (%)3

 

14.4

14.2

15.0

14.9

 

14.4

14.9

Going concern capital ratio (%)3

 

19.1

19.0

20.0

20.0

 

19.1

20.0

Complete loss-absorbing capability ratio (%)3

 

33.7

33.7

34.7

34.0

 

33.7

34.0

Leverage ratio denominator3

 

989,787

1,025,422

1,068,862

1,044,916

 

989,787

1,044,916

Widespread fairness tier 1 leverage ratio (%)3

 

4.51

4.37

4.24

4.31

 

4.51

4.31

Liquidity protection ratio (%)

 

162.7

160.8

155.5

157.3

 

162.7

157.3

Internet steady funding ratio (%)

 

120.4

120.9

118.5

118.1

 

120.4

118.1

Different

 

 

 

 

 

 

 

 

Invested property (USD bn)4

 

3,706

3,912

4,596

4,432

 

3,706

4,432

Personnel (full-time equivalents)

 

72,009

71,294

71,385

71,427

 

72,009

71,427

Market capitalization1

 

46,674

52,475

61,230

55,423

 

46,674

55,423

Complete guide worth per share (USD)1

 

17.52

17.45

17.84

17.48

 

17.52

17.48

Tangible guide worth per share (USD)1

 

15.57

15.51

15.97

15.62

 

15.57

15.62

1 Confer with the “Share data and earnings per share” part of the UBS Group third quarter 2022 report for extra data. 2 Confer with the “Targets, aspirations and capital steerage” part of our Annual Report 2021 for extra details about our efficiency targets. 3 Based mostly on the Swiss systemically related financial institution framework as of 1 January 2020. Confer with the “Capital administration” part of the UBS Group third quarter 2022 report for extra data. 4 Consists of invested property for International Wealth Administration, Asset Administration and Private & Company Banking. Confer with “Word 32 Invested property and internet new cash” within the “Consolidated monetary statements” part of our Annual Report 2021 for extra data.

 

Earnings assertion

 

 

 

 

 

 

 

 

 

 

 

 

For the quarter ended

 

% change from

 

Yr-to-date

USD m

 

30.9.22

30.6.22

30.9.21

 

2Q22

3Q21

 

30.9.22

30.9.21

Internet curiosity revenue

 

1,596

1,665

1,693

 

(4)

(6)

 

5,032

4,934

Different internet revenue from monetary devices measured at honest worth by revenue or loss

 

1,796

1,619

1,697

 

11

6

 

5,641

4,485

Internet charge and fee revenue

 

4,481

4,774

5,610

 

(6)

(20)

 

14,608

16,858

Different revenue

 

363

859

115

 

(58)

216

 

1,254

412

Complete revenues

 

8,236

8,917

9,115

 

(8)

(10)

 

26,534

26,689

 

 

 

 

 

 

 

 

 

 

 

Credit score loss expense / (launch)

 

(3)

7

(14)

 

 

(79)

 

22

(121)

 

 

 

 

 

 

 

 

 

 

 

Personnel bills

 

4,216

4,422

4,598

 

(5)

(8)

 

13,559

14,170

Basic and administrative bills

 

1,192

1,370

1,148

 

(13)

4

 

3,769

3,340

Depreciation, amortization and impairment of non-financial property

 

508

503

518

 

1

(2)

 

1,517

1,544

Working bills

 

5,916

6,295

6,264

 

(6)

(6)

 

18,845

19,054

Working revenue / (loss) earlier than tax

 

2,323

2,615

2,865

 

(11)

(19)

 

7,667

7,755

Tax expense / (profit)

 

580

497

576

 

17

1

 

1,662

1,629

Internet revenue / (loss)

 

1,742

2,118

2,289

 

(18)

(24)

 

6,005

6,127

Internet revenue / (loss) attributable to non-controlling pursuits

 

9

10

9

 

(10)

2

 

28

18

Internet revenue / (loss) attributable to shareholders

 

1,733

2,108

2,279

 

(18)

(24)

 

5,977

6,109

 

 

 

 

 

 

 

 

 

 

 

Complete revenue

 

 

 

 

 

 

 

 

 

 

Complete complete revenue

 

(48)

1,079

1,678

 

 

 

 

960

3,941

Complete complete revenue attributable to non-controlling pursuits

 

(8)

(17)

(5)

 

(55)

68

 

1

6

Complete complete revenue attributable to shareholders

 

(40)

1,097

1,683

 

 

 

 

959

3,935

Comparability between UBS Group AG consolidated and UBS AG consolidated

 

 

 

 

 

 

 

 

 

 

As of or for the quarter ended 30.9.22

 

As of or for the quarter ended 30.6.22

 

As of or for the quarter ended 31.12.21

USD m, besides the place indicated

 

UBS Group AG
consolidated

UBS AG
consolidated

Distinction
(absolute)

 

UBS Group AG
consolidated

UBS AG
consolidated

Distinction
(absolute)

 

UBS Group AG
consolidated

UBS AG
consolidated

Distinction
(absolute)

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings assertion

 

 

 

 

 

 

 

 

 

 

 

 

Complete revenues

 

8,236

8,308

(73)

 

8,917

9,036

(119)

 

8,705

8,819

(114)

Credit score loss expense / (launch)

 

(3)

(3)

0

 

7

7

0

 

(27)

(27)

0

Working bills

 

5,916

6,152

(236)

 

6,295

6,577

(282)

 

7,003

7,227

(224)

Working revenue / (loss) earlier than tax

 

2,323

2,159

164

 

2,615

2,452

163

 

1,729

1,619

109

of which: International Wealth Administration

 

1,453

1,434

18

 

1,157

1,130

27

 

563

541

22

of which: Private & Company Banking

 

442

437

5

 

413

409

4

 

365

362

3

of which: Asset Administration

 

140

139

1

 

959

959

0

 

334

328

6

of which: Funding Financial institution

 

447

436

11

 

410

388

22

 

713

710

3

of which: Group Features

 

(158)

(287)

129

 

(324)

(433)

110

 

(246)

(321)

75

Internet revenue / (loss)

 

1,742

1,608

135

 

2,118

1,974

144

 

1,359

1,266

93

of which: internet revenue / (loss) attributable to shareholders

 

1,733

1,598

135

 

2,108

1,964

144

 

1,348

1,255

93

of which: internet revenue / (loss) attributable to non-controlling pursuits

 

9

9

0

 

10

10

0

 

11

11

0

 

 

 

 

 

 

 

 

 

 

 

 

 

Assertion of complete revenue

 

 

 

 

 

 

 

 

 

 

 

 

Different complete revenue

 

(1,791)

(1,753)

(38)

 

(1,039)

(1,009)

(30)

 

(181)

(197)

16

of which: attributable to shareholders

 

(1,773)

(1,735)

(38)

 

(1,011)

(981)

(30)

 

(177)

(194)

16

of which: attributable to non-controlling pursuits

 

(17)

(17)

0

 

(28)

(28)

0

 

(4)

(4)

0

Complete complete revenue

 

(48)

(145)

97

 

1,079

965

114

 

1,178

1,069

109

of which: attributable to shareholders

 

(40)

(137)

97

 

1,097

982

114

 

1,171

1,062

109

of which: attributable to non-controlling pursuits

 

(8)

(8)

0

 

(17)

(17)

0

 

7

7

0

 

 

 

 

 

 

 

 

 

 

 

 

 

Stability sheet

 

 

 

 

 

 

 

 

 

 

 

 

Complete property

 

1,111,753

1,111,926

(172)

 

1,113,193

1,112,474

719

 

1,117,182

1,116,145

1,037

Complete liabilities

 

1,055,666

1,056,985

(1,319)

 

1,056,010

1,057,390

(1,380)

 

1,056,180

1,057,702

(1,522)

Complete fairness

 

56,087

54,941

1,146

 

57,184

55,085

2,099

 

61,002

58,442

2,559

of which: fairness attributable to shareholders

 

55,756

54,610

1,146

 

56,845

54,746

2,099

 

60,662

58,102

2,559

of which: fairness attributable to non-controlling pursuits

 

330

330

0

 

339

339

0

 

340

340

0

 

 

 

 

 

 

 

 

 

 

 

 

 

Capital data

 

 

 

 

 

 

 

 

 

 

 

 

Widespread fairness tier 1 capital

 

44,664

42,064

2,600

 

44,798

42,317

2,481

 

45,281

41,594

3,687

Going concern capital

 

59,359

55,733

3,626

 

59,907

56,359

3,548

 

60,488

55,434

5,054

Danger-weighted property

 

310,615

308,571

2,044

 

315,685

313,448

2,238

 

302,209

299,005

3,204

Widespread fairness tier 1 capital ratio (%)

 

14.4

13.6

0.7

 

14.2

13.5

0.7

 

15.0

13.9

1.1

Going concern capital ratio (%)

 

19.1

18.1

1.0

 

19.0

18.0

1.0

 

20.0

18.5

1.5

Complete loss-absorbing capability ratio (%)

 

33.7

32.8

1.0

 

33.7

32.8

0.9

 

34.7

33.3

1.3

Leverage ratio denominator

 

989,787

989,909

(122)

 

1,025,422

1,024,811

612

 

1,068,862

1,067,679

1,183

Widespread fairness tier 1 leverage ratio (%)

 

4.51

4.25

0.26

 

4.37

4.13

0.24

 

4.24

3.90

0.34

 

Details about outcomes supplies and the earnings name

UBS’s third quarter 2022 report, information launch and slide presentation can be found from 06:45 CEST on Tuesday, 25 October 2022, at ubs.com/quarterlyreporting.

UBS will maintain a presentation of its third quarter 2022 outcomes on Tuesday, 25 October 2022. The outcomes shall be offered by Ralph Hamers (Group Chief Government Officer), Sarah Youngwood (Group Chief Monetary Officer), Sarah Mackey (Head of Investor Relations), and Marsha Askins (Head Communications & Branding).

Time
09:00 CEST
08:00 BST
03:00 US EDT

Audio webcast

The presentation for analysts will be adopted dwell on ubs.com/quarterlyreporting with a simultaneous slide present.

Webcast playback

An audio playback of the outcomes presentation shall be made accessible at ubs.com/buyers later within the day.

Cautionary Assertion Concerning Ahead-Wanting Statements

This information launch comprises statements that represent “forward-looking statements,” together with however not restricted to administration’s outlook for UBS’s monetary efficiency, statements regarding the anticipated impact of transactions and strategic initiatives on UBS’s enterprise and future improvement and objectives or intentions to realize local weather, sustainability and different social targets. Whereas these forward-looking statements characterize UBS’s judgments, expectations and targets regarding the issues described, various dangers, uncertainties and different vital components might trigger precise developments and outcomes to vary materially from UBS’s expectations. Russia’s invasion of Ukraine has led to heightened volatility throughout world markets, to the coordinated implementation of sanctions on Russia and Belarus, Russian and Belarusian entities and nationals, and to heightened political tensions throughout the globe. As well as, the conflict has precipitated important inhabitants displacement, and if the battle continues, the dimensions of disruption will improve and will come to incorporate wide-scale shortages of important commodities, together with inflicting power shortages and meals insecurity. The pace of implementation and extent of sanctions, in addition to the uncertainty as to how the state of affairs will develop, could have important adversarial results in the marketplace and macroeconomic circumstances, together with in methods that can not be anticipated. This creates considerably higher uncertainty about forward-looking statements. Different components that will have an effect on our efficiency and talent to realize our plans, outlook and different targets additionally embody, however will not be restricted to: (i) the diploma to which UBS is profitable within the ongoing execution of its strategic plans, together with its price discount and effectivity initiatives and its means to handle its ranges of risk-weighted property (RWA) and leverage ratio denominator (LRD), liquidity protection ratio and different monetary assets, together with modifications in RWA property and liabilities arising from increased market volatility; (ii) the diploma to which UBS is profitable in implementing modifications to its companies to satisfy altering market, regulatory and different circumstances; (iii) elevated rate of interest volatility in main markets; (iv) developments within the macroeconomic local weather and within the markets wherein UBS operates or to which it’s uncovered, together with actions in securities costs or liquidity, credit score spreads, and foreign money trade charges, the results of financial circumstances, together with rising inflationary pressures, market developments, and rising geopolitical tensions, and modifications to nationwide commerce insurance policies on the monetary place or creditworthiness of UBS’s shoppers and counterparties, in addition to on consumer sentiment and ranges of exercise, together with the COVID-19 pandemic and the measures taken to handle it, which have had and might also proceed to have a major adversarial impact on world and regional financial exercise, together with disruptions to world provide chains and labor market displacements; (v) modifications within the availability of capital and funding, together with any modifications in UBS’s credit score spreads and scores, in addition to availability and value of funding to satisfy necessities for debt eligible for complete loss-absorbing capability (TLAC); (vi) modifications in central financial institution insurance policies or the implementation of economic laws and regulation in Switzerland, the US, the UK, the European Union and different monetary facilities which have imposed, or resulted in, or could achieve this sooner or later, extra stringent or entity-specific capital, TLAC, leverage ratio, internet steady funding ratio, liquidity and funding necessities, heightened operational resilience necessities, incremental tax necessities, extra levies, limitations on permitted actions, constraints on remuneration, constraints on transfers of capital and liquidity and sharing of operational prices throughout the Group or different measures, and the impact these will or would have on UBS’s enterprise actions; (vii) UBS’s means to efficiently implement resolvability and associated regulatory necessities and the potential have to make additional modifications to the authorized construction or reserving mannequin of UBS Group in response to authorized and regulatory necessities, or different exterior developments; (viii) UBS’s means to take care of and enhance its methods and controls for complying with sanctions in a well timed method and for the detection and prevention of cash laundering to satisfy evolving regulatory necessities and expectations, particularly in present geopolitical turmoil; (ix) the uncertainty arising from home stresses in sure main economies; (x) modifications in UBS’s aggressive place, together with whether or not variations in regulatory capital and different necessities among the many main monetary facilities adversely have an effect on UBS’s means to compete in sure strains of enterprise; (xi) modifications within the requirements of conduct relevant to our companies that will consequence from new laws or new enforcement of present requirements, together with measures to impose new and enhanced duties when interacting with clients and within the execution and dealing with of buyer transactions; (xii) the legal responsibility to which UBS could also be uncovered, or potential constraints or sanctions that regulatory authorities may impose on UBS, as a consequence of litigation, contractual claims and regulatory investigations, together with the potential for disqualification from sure companies, doubtlessly massive fines or financial penalties, or the lack of licenses or privileges because of regulatory or different governmental sanctions, in addition to the impact that litigation, regulatory and comparable issues have on the operational threat part of our RWA, in addition to the quantity of capital accessible for return to shareholders; (xiii) the results on UBS’s enterprise, particularly cross-border banking, of sanctions, tax or regulatory developments and of potential modifications in UBS’s insurance policies and practices; (xiv) UBS’s means to retain and appeal to the staff essential to generate revenues and to handle, help and management its companies, which can be affected by aggressive components; (xv) modifications in accounting or tax requirements or insurance policies, and determinations or interpretations affecting the popularity of achieve or loss, the valuation of goodwill, the popularity of deferred tax property and different issues; (xvi) UBS’s means to implement new applied sciences and enterprise strategies, together with digital companies and applied sciences, and talent to efficiently compete with each present and new monetary service suppliers, a few of which will not be regulated to the identical extent; (xvii) limitations on the effectiveness of UBS’s inside processes for threat administration, threat management, measurement and modeling, and of economic fashions typically; (xviii) the prevalence of operational failures, comparable to fraud, misconduct, unauthorized buying and selling, monetary crime, cyberattacks, knowledge leakage and methods failures, the danger of which is elevated with cyberattack threats from nation states; (xix) restrictions on the power of UBS Group AG to make funds or distributions, together with as a consequence of restrictions on the power of its subsidiaries to make loans or distributions, instantly or not directly, or, within the case of economic difficulties, because of the train by FINMA or the regulators of UBS’s operations in different nations of their broad statutory powers in relation to protecting measures, restructuring and liquidation proceedings; (xx) the diploma to which modifications in regulation, capital or authorized construction, monetary outcomes or different components could have an effect on UBS’s means to take care of its acknowledged capital return goal; (xxi) uncertainty over the scope of actions which may be required by UBS, governments and others to realize objectives regarding local weather, environmental and social issues, in addition to the evolving nature of underlying science and trade and the potential for battle between totally different governmental requirements and regulatory regimes; and (xxii) the impact that these or different components or unanticipated occasions could have on our status and the extra penalties that this may occasionally have on our enterprise and efficiency. The sequence wherein the components above are offered shouldn’t be indicative of their probability of prevalence or the potential magnitude of their penalties. Our enterprise and monetary efficiency could possibly be affected by different components recognized in our previous and future filings and experiences, together with these filed with the US Securities and Trade Fee (the SEC). Extra detailed details about these components is ready forth in paperwork furnished by UBS and filings made by UBS with the SEC, together with UBS’s Annual Report on Kind 20-F for the 12 months ended 31 December 2021. UBS shouldn’t be below any obligation to (and expressly disclaims any obligation to) replace or alter its forward-looking statements, whether or not because of new data, future occasions, or in any other case.

Rounding

Numbers offered all through this information launch could not add up exactly to the totals offered within the tables and textual content. Percentages and % modifications disclosed in textual content and tables are calculated on the idea of unrounded figures. Absolute modifications between reporting intervals disclosed within the textual content, which will be derived from numbers offered in associated tables, are calculated on a rounded foundation.

Tables

Inside tables, clean fields typically point out non-applicability or that presentation of any content material wouldn’t be significant, or that data shouldn’t be accessible as of the related date or for the related interval. Zero values typically point out that the respective determine is zero on an precise or rounded foundation. Values which might be zero on a rounded foundation will be both unfavourable or constructive on an precise foundation.

View supply model on businesswire.com: https://www.businesswire.com/information/dwelling/20221024005973/en/

Contacts

UBS Group AG and UBS AG
Investor contact
Switzerland: +41-44-234 41 00
Americas: +1-212-882 57 34

Media contact
Switzerland: +41-44-234 85 00
UK: +44-207-567 47 14
Americas: +1-212-882 58 58
APAC: +852-297-1 82 00

ubs.com

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