Income statement of the parent company
Change | ||||||||
Amounts in 1,000 Swiss francs | 2025 | 2024 | absolute | in % | ||||
Interest and discount income | 721,655 | 961,730 | – 240,075 | – 25.0 | ||||
Interest and dividend income from financial investments | 52,736 | 46,372 | 6,364 | 13.7 | ||||
Interest expense | – 298,780 | – 549,008 | 250,228 | – 45.6 | ||||
Gross result from interest operations | 475,611 | 459,095 | 16,516 | 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 | 443,970 | 14,127 | 3.2 | ||||
Commission income from securities trading and investment activities | 91,415 | 81,500 | 9,915 | 12.2 | ||||
Commission income from lending activities | 4,086 | 3,704 | 382 | 10.3 | ||||
Commission income from other services | 29,107 | 28,345 | 762 | 2.7 | ||||
Commission expense | – 14,263 | – 13,067 | – 1,196 | 9.2 | ||||
Result from commission business and services | 110,345 | 100,482 | 9,863 | 9.8 | ||||
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 | 24,812 | 23,605 | 1,207 | 5.1 | ||||
Result from real estate | 7,502 | 7,235 | 267 | 3.7 | ||||
Other ordinary income | 2,200 | 2,432 | – 232 | – 9.6 | ||||
Other ordinary expenses | – 3,412 | – 8,882 | 5,469 | – 61.6 | ||||
Other result from ordinary activities | 35,054 | 40,863 | – 5,808 | – 14.2 | ||||
Operating income | 679,472 | 641,817 | 37,654 | 5.9 | ||||
Personnel expenses | – 216,260 | – 206,511 | – 9,749 | 4.7 | ||||
General and administrative expenses | – 95,840 | – 85,734 | – 10,107 | 11.8 | ||||
Compensation for the state guarantee | – 11,183 | – 10,779 | – 404 | 3.7 | ||||
Operating expenses | – 323,283 | – 303,024 | – 20,259 | 6.7 | ||||
Value adjustments on participations and depreciation and amortisation of tangible fixed assets and intangible assets | – 30,378 | – 28,913 | – 1,465 | 5.1 | ||||
Changes to provisions and other value adjustments and losses | – 488 | 2,711 | – 3,199 | – 118.0 | ||||
Operating result | 325,322 | 312,591 | 12,731 | 4.1 | ||||
Extraordinary income | 287 | 10,167 | – 9,880 | – 97.2 | ||||
Extraordinary expenses | 0 | – 0 | 0 | – 100.0 | ||||
Changes in reserves for general banking risks | 0 | 0 | 0 | n.a. | ||||
Taxes | – 35,017 | – 34,605 | – 413 | 1.2 | ||||
Profit for the year | 290,592 | 288,153 | 2,439 | 0.8 | ||||