Income statement of the parent company

			Change
Amounts in 1,000 Swiss francs	6M 2026	6M 2025	absolute	in %
Interest and discount income	344,638	381,891	– 37,253	– 9.8
Interest and dividend income from financial investments	26,384	24,468	1,916	7.8
Interest expense	– 126,143	– 170,167	44,024	– 25.9
Gross result from interest operations	244,879	236,191	8,687	3.7
Changes in value adjustments for default risk and losses from interest operations	– 5,970	– 4,448	– 1,522	34.2
Net result from interest operations	238,909	231,744	7,165	3.1
Commission income from securities trading and investment activities	51,638	44,572	7,066	15.9
Commission income from lending activities	2,126	1,891	235	12.4
Commission income from other services	14,395	14,300	95	0.7
Commission expense	– 8,825	– 6,587	– 2,238	34.0
Result from commission business and services	59,333	54,175	5,158	9.5
Result from trading activities and the fair value option	45,544	40,643	4,901	12.1
Result from the disposal of financial investments	5,485	2,251	3,234	143.7
Income from participations	13,618	12,372	1,246	10.1
Result from real estate	3,949	3,900	49	1.3
Other ordinary income	832	1,444	– 612	– 42.4
Other ordinary expenses	– 4,201	– 4,270	69	– 1.6
Other result from ordinary activities	19,684	15,697	3,987	25.4
Operating income	363,470	342,260	21,211	6.2
Personnel expenses	– 114,569	– 107,578	– 6,990	6.5
General and administrative expenses	– 49,009	– 46,893	– 2,116	4.5
Compensation for the state guarantee	– 5,866	– 5,670	– 196	3.5
Operating expenses	– 169,444	– 160,141	– 9,302	5.8
Value adjustments on participations and depreciation and amortisation of tangible fixed assets and intangible assets	– 16,210	– 15,000	– 1,210	8.1
Changes to provisions and other value adjustments and losses	– 395	66	– 461	– 697.2
Operating result	177,422	167,184	10,238	6.1
Extraordinary income	0	283	– 283	– 100.0
Extraordinary expenses	0	0	0	n.a.
Changes in reserves for general banking risks	0	0	0	n.a.
Taxes	– 18,398	– 18,701	303	– 1.6
Profit for the period	159,025	148,767	10,258	6.9