Leverage ratio
LR1: Comparison of balance sheet assets and leverage ratio exposure
a | ||||
Amounts in millions Swiss francs | 31.12.2025 | |||
1 | Total assets as per published financial statements | 62,249.1 | ||
8 | Adjustment for derivative financial instruments | 400.8 | ||
9 | Adjustment for securities financing transactions (SFT) | 1.3 | ||
10 | Adjustment for off-balance-sheet items (conversion to credit equivalent amounts of off-balance sheet exposures) | 2,821.1 | ||
13 | Leverage ratio exposure (sum of Rows 1 to 12) | 65,472.3 |
LR2: Detailed disclosure
a | b | |||||
Amounts in millions Swiss francs | 31.12.2025 | 31.12.2024 | ||||
On-balance-sheet exposures | ||||||
1 | On-balance sheet items (excluding derivatives and SFTs, but including collateral) | 62,046.2 | 55,182.4 | |||
7 | Total on-balance sheet exposures within the leverage ratio framework, excluding derivatives and SFTs | 62,046.2 | 55,182.4 | |||
Derivatives | ||||||
8 | Replacement values associated with all derivatives transactions, including those with CCPs, taking into account the margin payments received and netting agreements | 352.9 | 174.2 | |||
9 | Add-on amounts for PFE associated with all derivatives transactions | 250.8 | 166.7 | |||
11 | Adjusted effective notional amount of written credit derivatives, after deduction of negative replacement values | 0.2 | 0.0 | |||
12 | Adjusted effective notional offsets of bought written credit derivatives and add-on deductions / for written credit derivatives | – 0.2 | 0.0 | |||
13 | Total derivative exposures (sum of rows 8 to 12) | 603.7 | 246.4 | |||
SFT | ||||||
14 | Gross SFT assets with no recognition of netting (except in the case of novation with a QCCP) after adjustment for sale accounting transactions | 0.0 | 3,863.5 | |||
16 | Counterparty credit risk exposure for SFT assets | 1.3 | 11.0 | |||
18 | Total securities financing transaction exposures (sum of rows 14 to 17) | 1.3 | 3,874.6 | |||
Other off-balance-sheet exposures | ||||||
19 | Off-balance-sheet exposure at gross notional amounts before application of credit conversion factors | 18,795.8 | 16,628.1 | |||
20 | Adjustments for conversion to credit equivalent amounts | – 15,974.6 | – 14,163.6 | |||
22 | Total off-balance-sheet items (sum of rows 19 to 21) | 2,821.1 | 2,464.5 | |||
Eligible capital and total exposures | ||||||
23 | Tier 1 capital | 5,050.6 | 4,727.0 | |||
24 | Total exposures (sum of rows 7, 13, 18 and 22) | 65,472.3 | 61,767.9 | |||
Leverage Ratio | ||||||
25 | Leverage ratio, including the impact of any applicable temporary exemption of central bank reserves | 7.71 % | 7.65 % | |||
25a | Leverage ratio, excluding the impact of any applicable temporary exemption of central bank reserves | 7.71 % | 7.65 % | |||
26 | Leverage ratio minimum requirement | 1,964.2 | 1,858.4 |
Tier 1 capital has increased sharper than the overall exposure. As a result, the leverage ratio is 0.06 percentage points higher compared to the previous year.
The differences between the balance sheet total according to the consolidated balance sheet (before appropriation of profits and after netting of collateral and replacement values of derivative financial instruments) under accounting standards and the overall exposure for the leverage ratio can be explained as follows:
- Adjustments relating to derivatives: These include the collateral add-on for the corresponding derivative financial instruments (forward transactions) and the nominal values of credit default swaps (CDS) issued.
- Adjustments relating to off-balance-sheet transactions: These include the credit commitments to be included in the leverage ratio using a credit conversion factor of 10 %, which can be terminated by the bank without reservation and without prior notice (these do not have to be recognised as contingent liabilities on the balance sheet).