Consolidated income statement
Change | ||||||||
Amounts in 1,000 Swiss francs | 2025 | 2024 | absolute | in % | ||||
Interest and discount income | 721,655 | 961,731 | – 240,075 | – 25.0 | ||||
Interest and dividend income from financial investments | 52,736 | 46,372 | 6,364 | 13.7 | ||||
Interest expense | – 298,780 | – 549,002 | 250,222 | – 45.6 | ||||
Gross result from interest operations | 475,611 | 459,101 | 16,511 | 3.6 | ||||
Changes in value adjustments for default risk and losses from interest operations | – 17,514 | – 15,125 | – 2,389 | 15.8 | ||||
Net result from interest operations | 458,097 | 443,976 | 14,121 | 3.2 | ||||
Commission income from securities trading and investment activities | 124,494 | 111,221 | 13,273 | 11.9 | ||||
Commission income from lending activities | 4,086 | 3,704 | 382 | 10.3 | ||||
Commission income from other services | 29,107 | 28,418 | 689 | 2.4 | ||||
Commission expense | – 14,464 | – 13,231 | – 1,233 | 9.3 | ||||
Result from commission business and services | 143,223 | 130,111 | 13,112 | 10.1 | ||||
Result from trading activities and the fair value option | 75,976 | 56,503 | 19,473 | 34.5 | ||||
Result from the disposal of financial investments | 3,952 | 16,472 | – 12,519 | – 76.0 | ||||
Income from participations | 4,052 | 3,305 | 747 | 22.6 | ||||
of which, participations valued using the equity method | 1,334 | 600 | 734 | 122.3 | ||||
of which, from other non-consolidated participations | 2,718 | 2,705 | 13 | 0.5 | ||||
Result from real estate | 7,502 | 7,235 | 267 | 3.7 | ||||
Other ordinary income | 1,582 | 1,796 | – 214 | – 11.9 | ||||
Other ordinary expenses | – 3,412 | – 8,882 | 5,469 | – 61.6 | ||||
Other result from ordinary activities | 13,676 | 19,926 | – 6,250 | – 31.4 | ||||
Operating income | 690,972 | 650,517 | 40,456 | 6.2 | ||||
Personnel expenses | – 218,405 | – 208,991 | – 9,414 | 4.5 | ||||
General and administrative expenses | – 96,771 | – 86,770 | – 10,001 | 11.5 | ||||
Compensation for the state guarantee | – 11,183 | – 10,779 | – 404 | 3.7 | ||||
Operating expenses | – 326,359 | – 306,541 | – 19,818 | 6.5 | ||||
Value adjustments on participations and depreciation and amortisation of tangible fixed assets and intangible assets | – 30,349 | – 28,913 | – 1,436 | 5.0 | ||||
Changes to provisions and other value adjustments and losses | – 488 | 2,711 | – 3,199 | – 118.0 | ||||
Operating result | 333,776 | 317,774 | 16,002 | 5.0 | ||||
Extraordinary income | 212 | 31,580 | – 31,368 | – 99.3 | ||||
Extraordinary expenses | 0 | – 0 | 0 | – 100.0 | ||||
Changes in reserves for general banking risks | 0 | – 25,000 | 25,000 | – 100.0 | ||||
Taxes | – 38,491 | – 37,711 | – 780 | 2.1 | ||||
Consolidated profit | 295,497 | 286,642 | 8,855 | 3.1 | ||||