Provisions and contingent liabilities (Tables)

6 Months Ended

Jun. 30, 2024

Disclosure Of Other Provisions [Line Items]

Disclosure Of Provisions Breakdown Explanatory

USD m

30.6.24

31.3.24

31.12.23

Provisions other than provisions for expected credit losses

4,433

2,268

2,336

Provisions for expected credit losses

1

330

180

188

Total provisions

4,763

2,448

2,524

1 Refer to Note 9c for more information about ECL provisions recognized for off-balance sheet financial instruments and credit lines.

Disclosure Of Other Provisions Explanatory

USD m

Litigation,

regulatory and

similar matters

1

Restructuring

2

Real estate

3

Other

4

Total

Balance as of 31 December 2023

1,810

209

135

181

2,336

Balance as of 31 March 2024

1,756

196

126

190

2,268

Provisions recognized upon merger of UBS AG and Credit Suisse AG

5

1,986

463

89

106

2,644

Increase in provisions recognized in the income statement

1,027

6

186

1

28

1,243

Release of provisions recognized in the income statement

(148)

(15)

0

(16)

(179)

Provisions used in conformity with designated purpose

(1,434)

6

(72)

(3)

(10)

(1,519)

Foreign currency translation and other movements

(13)

3

(1)

(13)

(24)

Balance as of 30 June 2024

3,174

760

212

287

4,433

1 Consists of provisions for losses resulting from legal, liability and compliance risks. 2 Consists of USD

461

m of provisions for onerous contracts related to real estate as of 30 June 2024 (31 March 2024: USD

137

m;

31 December 2023: USD

146

m) and USD

299

m of personnel-related restructuring provisions as of 30 June 2024 (31 March 2024: USD

59

m; 31 December 2023: USD

64

m). 3 Mainly includes provisions for

reinstatement costs with respect to leased properties. 4 Mainly includes provisions related to employee benefits and operational risks. 5 Refer to Note 2 for more information about the merger of UBS AG and

Credit Suisse AG. 6 During the second quarter of 2024, UBS agreed to fund an offer by the Credit Suisse supply chain finance funds to redeem all of the outstanding units of the respective funds. As a result, UBS

AG increased IAS 37 Provisions related to litigation, regulatory and similar matters by USD

944

m with a respective impact on the income statement, as the probability of an outflow of resources increased, bringing

the total IAS 37 provision for this matter to USD

1,421

m. The provision has been used to recognize the funding obligation, which was accounted for as a derivative liability with a fair value of USD

1,421

m as of

30 June 2024.