Therefore,
Ubs doubles its net profit new:
The UBS banking group released between April and late June a net profit of 2.40 billion dollars (1.93 billion francs), multiplied by two over one year. For example, The last big bank in the country also saw its assets under management increased to 6618 billion. In addition, against 6153 billion at the end of March.
The operating product reached 12.11 billion dollars, when the before tax profit was 2.19 billion, the intermediary report broadcast on Wednesday. For example, The cost/income ratio improved by 1.7 percentage points to 80.5%.
Analysts consulted by AWP anticipated on average an operating product of $ 12.02 billion, a before tax gain of 1.99 billion and a net profit of 2.23 billion.
Well advanced Credit Integration – Ubs doubles its net profit new
The group claims to have made great progress in the integration of the late Credit Suisse. the migration of its customers’ accounts. A new reduction in costs ubs doubles its net profit new of the order of 700 million has brought the total of savings to 9.1 billion, out of the 13 billion targeted.
A third of customer accounts in Switzerland from Credit Suisse has now been repatriated under the standard UBS. the group intends to finalize the process by the end of March 2026.
The establishment with the three keys has also continued to eliminate assets placed in its disadvantage bank, pruning for 1.5 billion weighted assets of additional risk to bring them to 32.7 billion.
>> Read on the migration of Credit Suisse accounts: The delicate migration of Credit Suisse accounts at UBS. started in Switzerland
Accent on shareholders’ remuneration
UBS has renewed its remuneration plan from its shareholders despite the planned recovery by 2027 hard fund requirements. The bank thus recalls its intention to expand its dividend for the current financial year. compared with the 90 cents by action paid for 2024 on ubs doubles its net profit new Wednesday.
>> Reread the subject on equity: UBS leaders oppose the tightening of equity requirements
It also plans to repatriate to up to two billion francs from its own actions by the end of the year. after having already bought for 1 billion in the first six months. However, the latter part remains conditioned on the maintenance of the hard equity ratio (CE1) around 14%. This ratio settled at the end of June at 14.4%.
>> Return the subject of forum on the sale of derivative products:
ats/itg/vic
Subject Treaty Wednesday in the 12:30 p.m. newspaper
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